(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 25th July, 2017 (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.
The rise in consumer prices in the first part of 2017, compared to the same period in 2016, affected the rate of consumer prices of national households, which led to a 2.5 percent increase. It also changed the consumer prices of expat households by 1.8 percent, while the consumer prices of collective households rose by 1.6 percent.
The centre stressed that Abu Dhabi contributed 54.8 percent to the total rise in local consumer prices, which reached 2.1 percent during the first part of 2017, compared to the same period of 2016, while Al Ain contributed 39 percent and Al Dhafra 6.2 percent to the total rise during the same period.
The centre forecast a 1.9 percent increase in the CPI during the third quarter of 2017, compared to the third quarter of 2016, and 1.2 percent rise in the fourth quarter of 2017, compared to the last quarter of 2016.
WAM/Nour Salman
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