CPI in Abu Dhabi up 1.1% in first ten months

Abu Dhabi: The inflation rate in consumer prices for the first ten months of 2013 in Emirate of Abu Dhabi was 1.1%, compared with the same period of 2012, as shown by the increase in the CPI to 124.2 points during the first ten months of 2013, up from 122.9 points during the same period of 2012, according to the Statistics Centre - Abu Dhabi (SCAD) The CPI increased by 1.6% in October 2013, compared with the same period of 2012, as shown by the increase in the CPI from 123.7 points in October 2012 to 125.7 points in October 2013. The CPI decreased by 0.2% in October 2013 compared with September 2013. This report provides an analysis of the results of the CPI for the month of October 2013 with the base year 2007. In addition, the report provides the results of the CPI by household welfare levels and by household type. The "Transport" group accounted for the largest rise in the index during the first ten months 2013 compared with the same period of 2012 contributed 25.8% to the rise in consumer prices for the periods compared, with its prices increasing by 3.0%. The second highest contributor to the overall increase in the CPI over the first ten months of 2013 was the "Food and non-alcoholic beverages" group contributing 21.8% to the change. Rises in the "Food and non-alcoholic beverages" group came as a result of increases in the prices of most subgroups included in this group. The prices of "Vegetables" subgroups rose by 6.7%, "Coffee, tea and cocoa" by 5.7%, "Food products n.e.c." by 4.6%, "Fruits" by 3.3% and "Fish and seafood" by 1.7%. The "Restaurants and hotels" group, accounting for 18.5% of the increase. This contribution resulted mainly from an increase of 5.0% in the prices of this group The prices of "Clothing and footwear" rose by 2.6% during the first ten months of 2013 compared with the same period of 2012. This group contributed 17.9% of the total increase achieved by all groups. The "Furnishings, household equipment" group rose by 2.4% and contributed 10.5% of the overall increase occurring during the first ten months of 2013 compared with the same period of 2012. The "Education" group contributed 9.9% to the rise in consumer prices for the periods compared, with its prices increasing by 3.2%. Among the main groups that slowed down the rise in consumer prices during the first ten months of 2013 compared with the same period of 2012, was the "Housing, water, electricity, gas and other fuels" group which contributed -11.3%.The prices of this group decreased by 0.3%. Comparing the CPI of October 2013 with the CPI of October 2012, the average consumer prices increased by 1.6% in October 2013 compared with October 2012, with the CPI at 125.7 points in October 2013, up from 123.7 points in October 2012. This increase in prices is due to the net movement (increases and decreases) of consumer prices during the mentioned months. The most significant groups, which experienced increases in prices during October 2013 compared with October 2012, were the "Alcoholic beverages and tobacco" group with a 1.8% increase, followed by "Education" with 3.9% and "Clothing and Footwear" with 3.8%, "Transport" with 2.6%, while "recreation and culture" group decreased by 0.7%. The average consumer prices increased by 1.6% in October 2013 compared with October 2012, with the CPI at 125.7 points in October 2013, up from 123.7 points in October 2012. This increase in prices is due to the net movement (increases and decreases) of consumer prices during the mentioned months. The most significant groups, which experienced increases in prices during October 2013 compared with October 2012, were the "Alcoholic beverages and tobacco" group with a 1.8% increase, followed by "Education" with 3.9% and "Clothing and Footwear" with 3.8%, "Transport" with 2.6%, while "recreation and culture" group decreased by 0.7%. Comparing the average CPI by household welfare level for the first ten months of 2013 with the same period of 2012 The rise of 1.1% in consumer prices during the first ten months of 2013 compared with the same period in 2012, resulted in a surge of 1.5% in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 1.1% for households of the top and middle quintiles. . Comparing the average CPI by household welfare level for October 2013 with October 2012, the rise in consumer prices in October 2013 by 1.6% compared with October 2012 caused a rise in consumer prices for households in the bottom welfare quintile by 2.1% and top welfare quintile by 1.4% within the same period, also prices increased for households in the middle quintile by 1.6%. Comparing the average CPI by household type for the first ten months of 2013 with the same period of 2012, the 1.1% rise in consumer prices for the first ten months of 2013 compared with the same period of 2012, pushed up consumer prices for citizen and non-citizen households by 1.1, and share households by 1.6%. Comparing the average CPI by household type for the month of October 2013 with October 2012, the 1.6% rise in consumer prices in October 2013 compared with October 2012 caused a 1.5% rise in consumer prices for citizen and for non-citizen households during the same period, while prices for share households increased by 2.0%. – Emirates News Agency, WAM