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ABU DHABI / WAM
The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was up 3.2%, compared with the same period of 2015, according to a report released by Statistics Centre – Abu Dhabi (SCAD).
The annual inflation rate for the first quarter of 2016 was 3.2%, with the CPI for the first quarter of 2016 at 105.6 points, compared with 102.4 points for the same period of 2015. Annual inflation for March 2016 has reached 2.8%,†SCAD noted in its January-March report.
The CPI increased by 2.8% in March 2016, compared with March 2015 and increased by 0.1% in March 2016 compared with February 2016,” SACD said. This publication provides an analysis of the results of the CPI for the first quarter of 2016 with the base year 2014. In addition, the publication provides the results of the CPI by household welfare levels, by household type and by region.
The rise in consumer prices for the first quarter of 2016 compared with the same period in 2015, contributed to an increase of 3.4% in consumer prices for households of the bottom welfare quintile over the same period of comparison. As for the other welfare levels, consumer prices rose by 3.2% and 3.1% for households of the middle and the top quintiles.
The rise in consumer prices for the first quarter of 2016 compared with same period in 2015, increased consumer prices for citizen households by 2.9%, followed by 3.4% for non-citizen households and 4.0% for share households.
Figures showed that the housing, water, electricity, gas and other fuels group accounted for the largest rise in the index during for the first quarter of 2016 compared with the same period of 2015, contributing 79.7% to the change.