By Andy Sambidge
Dubai Chamber of Commerce and Industry says fresh food index shows 4.1% price drop in April
The Dubai Chamber of Commerce and Industry said on Monday it has launched a monthly Fresh Food Price Index (FPPI) containing the price indices for fresh meat, fish and sea foods, fruits and vegetables.
The latest April fresh food price index indicates a drop of 4.1 percent in comparison to the month of March and a 1.8 percent slide from the same month in the previous year.
Fresh vegetables registered the largest drop of 8.2 percent, the index showed, with fresh fruits also dropping, although at a lower rate of 1.6 percent.
On the other hand, the price index for fresh meat rose by 1.8 percent, while for fresh fish and sea foods, by 1.1 percent.
Meanwhile, all price indices indicated a month-on-month slow down, with the average inflation rate for fresh food dropping by 4.1 percent.
The largest decline in the price index was seen for fresh fruits, at 6.3 percent; followed by fresh meat at 4.5 percent.
Fresh fish and sea foods fell by 3.6 percent month-on-month while the price of fresh vegetables declined by 1.7 percent compared to March.
The FPPI is based on a collection of 595 prices from Dubai's main fish and vegetable market, major hypermarkets as well as from smaller grocery outlets.