Abu Dhabi MoM inflation averaged 1.2 percent in August: SCAD

9/14/2015 5:20:08 AM

(MENAFN- Emirates News Agency (WAM))

ABU DHABI 14th September 2015 (WAM) -- Statistics Center-Abu Dhabi SCAD issued today its monthly report on the consumer price index CPI and the inflation rate in the Emirate of Abu Dhabi for August 2015 compared with the previous month.

The report analysed the CPI calculations for the period under review with the year 2007 fixed as the base year. It also details CPI results by welfare levels household types and geographical region.

As monthly price data reveals consumer prices climbed 1.2 percent in August 2015 compared with July 2015. This increase reflects the net outcome of the rises and falls in the price of the goods and services in the consumer basket and during the period. The largest increases recorded in August 2015 compared with July 2015 were observed in the 'Transport' group (up 12 percent) and the 'Food and beverages' group (up 2.1 percent).

A breakdown of the 1.2 percent rise in consumer prices during August 2015 compared with July 2015 by welfare level indicates increases of 1.2 percent in consumer prices for households of the bottom welfare level 1.5 percent for households of the middle-quintile and 0.9 percent for the top welfare level.

Detailed by household type the 1.2 percent rise in consumer prices during August 2015 compared with July 2015 impacted consumer prices for citizen- non-citizen- and share households by rises of 1.5 percent 1.0 percent and 0.9 percent respectively.

As SCAD explains a breakdown by region reveals that during August 2015 compared with July 2015 the CPI grew by 1.0 percent in Abu Dhabi region 1.6 percent in Al Ain and 1.2 percent in Al Gharbia. Abu Dhabi region contributed the largest share (58.7 percent) of the overall increase followed by Al Ain (34.1 percent) and Al Gharbia (7.2 percent).

WAM/AAMIR/Moran

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