By Andy Sambidge
Statistics Centre - Abu Dhabi says food, beverages group was biggest driver of price rise
Average consumer prices rose by 1.9 percent during 2011 compared to the previous year, the Statistics Centre - Abu Dhabi (SCAD) said on Wednesday.
The food and non-alcoholic beverages group contributed the largest share (67.7 percent) of the rise in the index during 2011, it said.
The largest increase within this group was in the prices of the coffee, tea and cocoa subgroup, followed by the meat group, it added in a statement.
Also driving the overall year-on-year increase in consumer prices during 2011 was the housing, water, electricity, gas and other fuels group, while transport also contributed to the rises.
However, the clothing and footwear group weighed on inflationary pressure and contributed more than two thirds of the overall drop in prices during last year.
SCAD said average consumer prices increased by 1.2 percent in December 2011, compared with December 2010 driven by price hikes in the restaurants and hotels and alcoholic beverages and tobacco groups.
Month-to-month, average consumer prices edged down 0.2 percent in December compared to November, SCAD added.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.