Abu Dhabi inflation was seen at 1.1 per cent year-on-year at the end of first four months of the year in April, as fish and seafood prices climbed in the capital. Statistics Centre Abu Dhabi, or Scad, which gathers data on commodity prices in Abu Dhabi in its consumer price index, or CPI, report for April, said the food and beverages group led the hike in inflation with a 73.9 per cent contribution to the index. The highest increase was seen in the prices of the meat subgroup that jumped 11.5 per cent in the four-month period. “Fish and seafood prices led the rising trend in the group with a surge of 13.8 per cent in the period followed by 9.9 per cent rise in the coffee and tea prices. Edible oils’ prices surged 6.6 per cent,” the CPI report said. “There was a slight increase in bread and cereals prices, which climbed 3.2 per cent,” the report added. The restaurants and hotels group, an important component of the CPI, was up 12.2 per cent year-on-year, adding an impact of 38.7 per cent to the CPI, the report said. The group that slowed down the rise in consumer prices was housing, water, electricity, gas and other fuels. With a 0.9 per cent decline in prices, it neutralised the CPI surge by 30.7 per cent, the report said. In the month of April, average consumer prices soared 1.8 per cent year-on-year. The largest individual increase was recorded in the restaurants and hotels group, which rose by 18.9 percent, followed by beverages and tobacco that went up 9.5 per cent and food and beverages that soared 6.2 per cent. However, prices of housing, water, electricity, gas and other fuels group dropped 1.3 per cent year-on-year in April. The prices rose 0.2 per cent month-on-month in April with restaurants and hotels recorded the largest individual rise of 4.9 per cent.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor