Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi Inflation at 1.2 percent over the First 10 Months of 2012 Y-O-Y  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 14/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Emirates News Agency (WAM)) The 0.1 percent rise in consumer prices in October compared with September 2012 led to a proportionate rise of 0.1 percent in consumer prices for households of the middle and the lower middle welfare levels.

A breakdown by household type of the 1.2 rise in consumer prices during the first ten months of 2012, compared with the same period in 2011 shows that prices advanced by: 1.3 percent for citizen households, 1.0 percent for non-citizen households and 1.7 percent for shared households.

As a result of the 0.8 rise in consumer prices in October 2012 compared with October 2011, consumer prices increased by 0.8 percent for citizen and non-citizen households and by 1.3 percent for shared households between two periods compared.

The 0.1 percent rise in consumer prices in October compared with September 2012 caused prices to nudge up by a proportional 0.1 for non-citizen households and by 0.2 percent for shared households.

In preparing its monthly CPI reports, Statistics Centre - Abu Dhabi follows the methodologies adopted internationally in this field, using a broad and highly representative basket of goods and service, to ensure accuracy in the calculation of the index, which is the sole officially authorized source for monitoring changes in prices and inflation in the Emirate of Abu Dhabi.

SCAD has recently developed the computing of the CPI so that it is compiled according to households' types and levels of welfare. As for the welfare level approach, the population is divided into five segments (quintiles) representing five levels of welfare, based on average per capita annual expenditure. Each quintile reflects the consumption pattern represented by that quintile. In regard to the household type approach, the population is divided into three types of households as set out in the results of the Household Income and Expenditure Survey (2007-2008), namely, national, non-national and collective households.

To represent all regions of the Emirate, the selected sample of items included in the Consumer Price Index basket uses actual data from the 2007 household income and expenditure survey. The sample of outlets were selected in such a way as to represent points of purchase for a large base of consumers all over the Emirate of Abu Dhabi, taking into account the geographical distribution of sources within the emirate.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help