(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.