(MENAFN- Khaleej Times) Abu Dhabi Inflation stood firm at one per cent during the first eight months of 2013 compared with the same period in 2012, according to a report.
Statistics Center - Abu Dhabi (Scad), which issued its report on the Consumer Price Index (CPI) and the inflation rate in the emirate for the month of August and the first eight months of 2013, said CPI rose to 123.8 points during the January-August 2013 period, up from 122.6 points for the same period of 2012.
The 'transport' group accounted for 29.3 per cent of the overall increase in prices during the first eight months of 2013, due to a rise of three per cent in the average prices of this group.
The next largest contributor to the overall increase in the CPI during the first eight months of 2013 was the 'restaurants and hotels group', which advanced 5.7 per cent, accounting for 23.8 per cent of the overall year-on-year increase observed during the period under review.
The prices of 'furnishings, household equipment and routine household maintenance' grew by three per cent duringthe January-August 2013 period compared with the same period of 2012.
The 'food and non-alcoholic beverages group' contributed 15.5 per cent of the net increase in consumer prices during first eight months 2013 compared with the same period of 2012. The surge in this group resulted from increases in the prices of most of its subgroups, including vegetables, fruit, coffee, tea and cocoa.
The 'housing, water, electricity, gas and other fuels group' was among the main groups that slowed down the rise in consumer prices during the first eight months of 2013 compared with the same period of 2012. The group detracted 21.6 per cent from the overall growth in the CPI over the aforesaid period as the group's prices declined by 0.6 per cent.
The Scad's report further revealed that consumer prices advanced 1.4 per cent on average in August 2013 compared with same month last year, with the CPI at 125 points in August 2013, up from 123.3 points in August 2012. This increase reflects the net outcome of the increases and decreases in consumer prices between the two months under comparison.
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