Abu Dhabi consumer price inflation hits 2.1%

ABU DHABI / WAM

The Statistics Centre – Abu Dhabi (SCAD) has issued its most recent statistical report showing detailed results of the Consumer Price Index (CPI), for June 2017, as compared to 2014, as well as the consumer price record calculations for the same month based on the level of prosperity of local families and regions and the contribution percentage of the major product categories.
The centre stressed that the relative rate of change in consumer prices reached 1.8 percent in June 2017, compared to June 2016 while the CPI increased by 0.4 percent in June 2017, compared to May 2017. It also noted that the rate of consumer price inflation reached 2.1 percent in the first part of 2017, compared to the same period in 2016. The index also reached 108 percent during the first half of 2017, compared to 105.8 percent during the same
period of 2016.
The housing, water, electricity, gas, and other fuel category
contributed 51.3 percent of the total increase during the first
part of 2017, compared to the same period of 2016, due to a
price increase of 3.2 percent in
this category.
The transport category contributed 34.2 percent to the increase during the first part of 2017, compared to the same period of 2016, and the prices of this group rose by 5.4 percent.
The consumer prices in the entertainment and culture category increased by 8 percent during the first part of 2017, compared the same period of 2016, and this group contributed 17.5 percent to discounting the rate of increase.
The centre stressed that the consumer prices of products
purchased by households in
the “lower income” category rose by 2.4 percent during the first part of 2017, compared to the same period of 2016, while the prices in the “middle income” category increased by 2.5 percent, and 1.9 percent in the “upper
income” category.