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Abu Dhabi /Â WAM
The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was 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. This contribution resulted from an increase of 7.7% in the prices of this group.
The miscellaneous goods and services group contributed 6.7% to the overall increase in the CPI for first quarter of 2016 compared with the same period of 2015. Prices of this group increased by 3.1% over the same period.
Prices of the food and beverages’ group, which contributed 6.0% of the overall increase in the CPI, rose by 1.6% for first quarter of 2016 compared with the same period of 2015.
The average consumer prices increased by 2.8% in March 2016 compared with March 2015, with the CPI at 105.6 points in March 2016, up from 102.7 points in March 2015.
The most significant groups, which experienced increases in prices during March 2016 compared with March 2015, were housing, water, electricity, gas and other fuels’ with 6.9%, restaurants and hotels with 5.4%, miscellaneous goods and services with 3.6% and food and beverages with 1.9%.
By region, the CPI in the Abu Dhabi region increased by 3.8% in the first quarter 2016, compared with the same period of 2015.
The CPI in the Abu Dhabi region increased by 3.5% in March 2016, compared with March 2015. The CPI increased by 0.3% in March 2016, compared with February 2016.
The major groups that increased were food, and beverages’ by 1.3%, housing, water, electricity, gas and fuels by 1.0%.
For Al Ain Region, the CPI increased by 2.4% in the first quarter 2016, compared with the same period of 2015. The CPI in the Al Ain region increased by 2.0% in March 2016, compared with March 2015. The CPI decreased by 0.2% in March 2016, compared with February 2016. The major groups that decreased were clothing and footwear by 2.8% and transport by 1.9%,
In Al Gharbia Region, the CPI in the Al Gharbia region increased by 2.0% in the first quarter 2016, compared with the same period of 2015. The CPI in the Al Gharbia region increased by 1.4% in March 2016, compared with March 2015.
The CPI decreased by 0.1% in March 2016, compared with February 2016. The major groups that decreased were clothing and footwear’ by 2.3% and transport by 2.2%.