Abu Dhabi inflation at 1.1 per cent in 2012

Average consumer prices decreased by 0.3 per cent in December 2012 compared with November 2012, reflecting the net outcome of upward and downward movements in the consumer basket items between the two months compared.

According to SCAD’s report, the 1.1 rise in consumer prices in 2012 compared with 2011, when detailed by welfare levels, is shown to have impacted consumer prices for households of the bottom welfare levels by a 1.3 per cent rise for the same period of comparison.

Meanwhile prices increased by 1.1 per cent and 1.2 per cent for households of the upper and the middle welfare level, respectively.

The 0.7 per cent increase in consumer prices in December 2012 by compared with December 2011 produced a rise by 0.5 per cent in consumer prices for households in the bottom and the middle welfare quintiles, and by 0.9 per cent for households of the top welfare level.

The 0.3 per cent fall recorded in consumer prices in December compared with November 2012 led to a drop of 0.5 per cent in consumer prices for households of the bottom welfare level, 0.2 per cent for households of the top quintile and 0.3 per cent for the middle welfare level.

A breakdown by household type of the 1.1 rise in consumer prices during 2012, compared with 2011 shows that prices advanced by: 1.2 per cent for citizen households, 1.0 per cent for non-citizen households and 1.6 per cent for shared households.

As a result of the 0.7 rise in consumer prices in December 2012 compared with December 2011, consumer prices increased by 0.6 per cent for citizen households, 0.8 per cent for non-citizen households and 1.0 per cent for shared households between two periods compared.

The 0.3 per cent fall in consumer prices in December compared with November 2012 caused prices to nudge down by a proportional 0.3 per cent for citizen households and by 0.2 per cent for non-citizen households and 0.6 percent for shared households between the two months compared.

In preparing its monthly CPI reports, Statistics Centre - Abu Dhabi follows the methodologies adopted internationally in this field, using a broad and highly representative basket of goods and service, to ensure accuracy in the calculation of the index, which is the sole officially authorised source for monitoring changes in prices and inflation in the emirate of Abu Dhabi.

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