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Sun 18 Jul 2010 11:28 AM

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Abu Dhabi consumer prices up 2.5% in H1

Increases in housing, water and fuels costs are the biggest contributors to rise - latest study.

Abu Dhabi consumer prices up 2.5% in H1
PRICE RISE: The second highest contributor to household’s expenditure was food and non alcoholic beverages. (Getty Images)

Consumer prices in Abu Dhabi increased 2.5 percent in the first half of the year compared to the same period in 2009, according to a report released on Sunday.

An increase in housing, water, electricity, gas and other fuels were the biggest contributors to the rise in the emirate’s Consumer Price Index (CPI), said a report by the Statistics Center – Abu Dhabi (SCAD). The biggest contributor to this group was a 6 percent increase in rents, which accounted for 87.7 percent of the total weight of the group.

The second highest contributor to household’s expenditure was the food and non alcoholic beverages group, which accounted for 28.4 percent of the rise in the index.  Although the cost of bread and cereals (-9.2 percent), oils and fats (-6.8 percent) declined, the price of sugar, honey, chocolate and confectionary increased 34.4 percent while meat increased 12.2 percent.

The 20 percent increase in school fees meant that education was household’s third most expensive outgoing, accounting for 22.5 percent increase during the first half of the year.

Clothing and footwear and communication were the only two groups to post a decline, said the report. Prices for clothing and footwear declined 7 percent as a result in of a drop in the prices of the clothing and footwear subgroups by 5.7 percent and 20.6 percent respectively. Meanwhile communications accounted for -15 percent.

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