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206487
Sun, 09/11/2011 - 11:59
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Inflation rate is 2.4 per cent in first 8 months of 2011, says Statistics Centre-Abu Dhabi
The average rise in consumer prices for the first eight months of 2011 was 2.4 per cent, compared with the same period of 2010.
From August 2010 to August 2011 average consumer prices rose by 1.6 per cent. From July 2011 to August 2011, average consumer prices rose by 0.1 per cent.
An overall rise in consumer prices during the first eight months of 2011 compared with the same period in 2010, has led to an increase of 4.4 per cent in consumer prices for households of the bottom welfare quintile over the same period of comparison. As for the other welfare levels, consumer prices grew by 1.6 per cent for households of the top quintile and by 3.0 per cent for the middle welfare quintile.
The year-on-year rise of 2.4 per cent in consumer prices for the first eight months of 2011 contributed to a rise in consumer prices for national households by 2.4 per cent, and by 2.0 per cent for non-national households and 4.0 per cent for collective households.
During the first eight months of 2011, average consumer prices rose by 2.4 per cent compared with the same period of 2010.
The "Food and non-alcoholic beverages group", accounted for 57.6 per cent of the rise in the index, due to increases in the prices of most of the subgroups included in this group. The highest increase was in prices of the "Meat" subgroup which rose by 14.1 per cent followed by "Coffee, tea and cocoa" (13.4 per cent), "Fruits" (12.0 per cent), "Mineral waters, soft drinks, fruit and vegetable juices" (9.0 per cent), and "Vegetables" (7.6 per cent).
The next highest contributor to the overall year-on-year increase in the CPI over the first eight months of 2011 was the "Housing, water, electricity, gas and other fuels" group which accounted for 35.7 per cent of the increase in the CPI while prices for this group increased by 2.2 per cent.
The "Transport" group contributed 30.4 per cent to the year-on-year rise in consumer prices for the periods compared and increased by 7.8 per cent.
The "Communications" group contributed 14.9 per cent of the CPI increase during the first eight months of 2011 and increased by 5.7 per cent compared with the same period in 2010.
The main group that slowed down the rise in consumer prices during the first eight months of 2011 compared with the same period of 2010 was "Clothing and footwear" which contributed -62.1 per cent. Prices of this group decreased by 15.4 per cent as a result of a drop in the prices of the "Clothing" and "Footwear" subgroups by 15.5 per cent and 15.4 per cent, respectively.
Average consumer prices increased by 1.6 per cent in August 2011 compared with August 2010. The most significant individual increase came from higher prices for "Food and non-alcoholic beverages" (8.3 per cent). At the same time, prices of the "Clothing and footwear" group decreased by 13.1 per cent.
Average consumer prices increased by 0.1 per cent in August 2011 compared with July 2011. The most significant individual increase came from higher prices for "Miscellaneous goods and services" (1.0 per cent).
Consumer prices for households of the bottom welfare quintile increased by 4.4 per cent during the first eight months of 2011 compared with the same period in 2010. The corresponding rise for other welfare levels was 1.6 per cent for households of the top quintile and 3.0 per cent for the middle quintile while prices for the bottom middle welfare quintile increased by 3.4 per cent.
The rise of 1.6 per cent in consumer prices in August 2011 compared with August 2010 caused a rise in consumer prices for households in the bottom welfare level of 3.3 per cent while prices increased for households in the top welfare level by 1.1 per cent. The prices for households in the middle welfare level increased by 2.1 per cent Consumer prices increased in August 2011 compared with July 2011 for all welfare levels. Prices in the bottom welfare level rose by 0.2 per cent and in the middle welfare levels and the top welfare level increased by 0.1 per cent respectively.
During the first eight months of 2011 consumer prices for national households increased by 2.4 per cent, 2.0 per cent for non-national households and 4.0 per cent for collective households.
The rise in consumer prices by 1.6 percent in August 2011 compared with August 2010 caused a rise in consumer prices for national households of 1.6 per cent during the same period. Prices for non-national households increased by 1.4 per cent while prices for collective households increased by 2.9 per cent.
Compared with July 2011, consumer prices for August 2011 increased by 0.2 per cent for national households, 0.1 percent for non national households and 0.2 percent for collective households.
Consumer Price Index (CPI) Calculation Methodology, is a tool that measures the rate of change in the prices of a range of goods and services purchased by households between two time periods. The period against which prices are compared is known as the base period and the period under review is known as the comparison period.
The sources used for collection of price data were determined through field visits conducted by a team from the Price Indices Section. These sources are updated on a regular basis as the team reports to the section when any source closes down or relocates premises. Price data is currently collected from 117 sources.
The CPI basket is collected every month, except for the group of vegetables, fruit, meat, fish, and chicken for which price data is collected every week due to constant price fluctuations in these items. Data on home rentals is collected on a quarterly basis, and school tuition fees semi-annually
The index is calculated using 2007 as the base year for the Abu Dhabi region, with a basket consisting of 334 goods and services and a consumer basket consisting of 670 goods and services.
The Weights (relative importance) of goods and services is calculated using the results of the 2007/2008 household income and expenditure survey. Goods or services with a weight of 0.002 per cent or more were included in the CPI basket of goods and services. Goods with weights below this value were distributed proportionally among the other goods in the same group.
The average price of goods is calculated using the geometric mean of elementary aggregates. Price ratios are calculated by dividing the comparison price by the base price, and new weights for goods are obtained by multiplying the price ratio by their base weight.
The index for house rentals is calculated separately using a moving base. It is then entered into the main Excel file. It is worth noting that this figure is calculated on a quarterly basis.
In addition to the general CPI for all Abu Dhabi Emirate, CPI is also constructed for five welfare levels classified according to annual household income quintiles. In addition CPI by Household type is constructed, classified into national, non national and collective households. Collective household means two or more unrelated persons living in one housing unit and sharing their living arrangements. - Emirates News Agency, WAM
From August 2010 to August 2011 average consumer prices rose by 1.6 per cent. From July 2011 to August 2011, average consumer prices rose by 0.1 per cent.
An overall rise in consumer prices during the first eight months of 2011 compared with the same period in 2010, has led to an increase of 4.4 per cent in consumer prices for households of the bottom welfare quintile over the same period of comparison. As for the other welfare levels, consumer prices grew by 1.6 per cent for households of the top quintile and by 3.0 per cent for the middle welfare quintile.
The year-on-year rise of 2.4 per cent in consumer prices for the first eight months of 2011 contributed to a rise in consumer prices for national households by 2.4 per cent, and by 2.0 per cent for non-national households and 4.0 per cent for collective households.
During the first eight months of 2011, average consumer prices rose by 2.4 per cent compared with the same period of 2010.
The "Food and non-alcoholic beverages group", accounted for 57.6 per cent of the rise in the index, due to increases in the prices of most of the subgroups included in this group. The highest increase was in prices of the "Meat" subgroup which rose by 14.1 per cent followed by "Coffee, tea and cocoa" (13.4 per cent), "Fruits" (12.0 per cent), "Mineral waters, soft drinks, fruit and vegetable juices" (9.0 per cent), and "Vegetables" (7.6 per cent).
The next highest contributor to the overall year-on-year increase in the CPI over the first eight months of 2011 was the "Housing, water, electricity, gas and other fuels" group which accounted for 35.7 per cent of the increase in the CPI while prices for this group increased by 2.2 per cent.
The "Transport" group contributed 30.4 per cent to the year-on-year rise in consumer prices for the periods compared and increased by 7.8 per cent.
The "Communications" group contributed 14.9 per cent of the CPI increase during the first eight months of 2011 and increased by 5.7 per cent compared with the same period in 2010.
The main group that slowed down the rise in consumer prices during the first eight months of 2011 compared with the same period of 2010 was "Clothing and footwear" which contributed -62.1 per cent. Prices of this group decreased by 15.4 per cent as a result of a drop in the prices of the "Clothing" and "Footwear" subgroups by 15.5 per cent and 15.4 per cent, respectively.
Average consumer prices increased by 1.6 per cent in August 2011 compared with August 2010. The most significant individual increase came from higher prices for "Food and non-alcoholic beverages" (8.3 per cent). At the same time, prices of the "Clothing and footwear" group decreased by 13.1 per cent.
Average consumer prices increased by 0.1 per cent in August 2011 compared with July 2011. The most significant individual increase came from higher prices for "Miscellaneous goods and services" (1.0 per cent).
Consumer prices for households of the bottom welfare quintile increased by 4.4 per cent during the first eight months of 2011 compared with the same period in 2010. The corresponding rise for other welfare levels was 1.6 per cent for households of the top quintile and 3.0 per cent for the middle quintile while prices for the bottom middle welfare quintile increased by 3.4 per cent.
The rise of 1.6 per cent in consumer prices in August 2011 compared with August 2010 caused a rise in consumer prices for households in the bottom welfare level of 3.3 per cent while prices increased for households in the top welfare level by 1.1 per cent. The prices for households in the middle welfare level increased by 2.1 per cent Consumer prices increased in August 2011 compared with July 2011 for all welfare levels. Prices in the bottom welfare level rose by 0.2 per cent and in the middle welfare levels and the top welfare level increased by 0.1 per cent respectively.
During the first eight months of 2011 consumer prices for national households increased by 2.4 per cent, 2.0 per cent for non-national households and 4.0 per cent for collective households.
The rise in consumer prices by 1.6 percent in August 2011 compared with August 2010 caused a rise in consumer prices for national households of 1.6 per cent during the same period. Prices for non-national households increased by 1.4 per cent while prices for collective households increased by 2.9 per cent.
Compared with July 2011, consumer prices for August 2011 increased by 0.2 per cent for national households, 0.1 percent for non national households and 0.2 percent for collective households.
Consumer Price Index (CPI) Calculation Methodology, is a tool that measures the rate of change in the prices of a range of goods and services purchased by households between two time periods. The period against which prices are compared is known as the base period and the period under review is known as the comparison period.
The sources used for collection of price data were determined through field visits conducted by a team from the Price Indices Section. These sources are updated on a regular basis as the team reports to the section when any source closes down or relocates premises. Price data is currently collected from 117 sources.
The CPI basket is collected every month, except for the group of vegetables, fruit, meat, fish, and chicken for which price data is collected every week due to constant price fluctuations in these items. Data on home rentals is collected on a quarterly basis, and school tuition fees semi-annually
The index is calculated using 2007 as the base year for the Abu Dhabi region, with a basket consisting of 334 goods and services and a consumer basket consisting of 670 goods and services.
The Weights (relative importance) of goods and services is calculated using the results of the 2007/2008 household income and expenditure survey. Goods or services with a weight of 0.002 per cent or more were included in the CPI basket of goods and services. Goods with weights below this value were distributed proportionally among the other goods in the same group.
The average price of goods is calculated using the geometric mean of elementary aggregates. Price ratios are calculated by dividing the comparison price by the base price, and new weights for goods are obtained by multiplying the price ratio by their base weight.
The index for house rentals is calculated separately using a moving base. It is then entered into the main Excel file. It is worth noting that this figure is calculated on a quarterly basis.
In addition to the general CPI for all Abu Dhabi Emirate, CPI is also constructed for five welfare levels classified according to annual household income quintiles. In addition CPI by Household type is constructed, classified into national, non national and collective households. Collective household means two or more unrelated persons living in one housing unit and sharing their living arrangements. - Emirates News Agency, WAM
