Sunday, February 12, 2012

Abu Dhabi inflation rate january 2012

World Economic outlook - Abu Dhabi inflation rate january 2012 : Abu Dhabi’s inflation rate edged down by 0.3 per cent in January, compared to December last year, mainly on a major drop in the prices of food and non-alcoholic beverages, according to data released by the Statistics Centre – Abu Dhabi, or Scad.
A comparison of monthly year-on-year consumer price index figures show that average consumer prices advanced by 0.8 per cent in January compared with the same month last year, Scad added.

Last month, the single largest drop was seen in the prices of food and non-alcoholic beverages, which fell by 1.6 per cent, followed by miscellaneous goods and services, which dipped by 1.5 per cent over the same period.

A breakdown by household type showed that consumer prices advanced one per cent for national households in January, compared with the same month last year. The corresponding rise for other household types was 0.5 per cent for non-national households and 0.9 per cent for collective households.

By contrast, consumer prices for national and non-national households decreased by 0.3 per cent in January 2012, compared with December 2011. The corresponding drop for collective households was 0.7 per cent.

Detailed by welfare levels, consumer prices climbed 1.1 per cent for households of the bottom welfare quintile during January 2012, compared with January 2011. The corresponding rise for other welfare levels was 0.6 per cent for households of the top quintile and one per cent for those of the middle quintile.

However, a month-to-month comparison of consumer prices by welfare levels in January 2012 compared with December 2011 indicates a fall of 0.7 per cent for the bottom welfare level and a corresponding drop of 0.4 per cent for the middle welfare quintile and 0.2 per cent for the top quintile.

Comparison of monthly year-over-year figures show that alcoholic beverages and tobacco accounted for the largest increase (7.4 per cent) during January, followed by restaurants and hotels (up 6.9 per cent), education (up 4.8 per cent) and food and non-alcoholic beverages (up 4.7 per cent). Clothing and footwear retreated by 4.5 per cent.

Abu Dhabi consumer price january 2012, Abu Dhabi cpi jan 2012, Abu Dhabi cpi jan 2012

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