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Abu Dhabi to launch new CPI
- United Arab Emirates: Tuesday, June 24 - 2008 at 11:21
Abu Dhabi's Department of Planning and Economy plans to launch a new Consumer Price Index in December to calculate inflation more accurately, reported Khaleej Times. An official said the new index will identify current price trends, as opposed to the current index, which is based on pricing data from 1997. The government will be carrying out 12 different surveys on various sub-sectors of the economy, from which it will release economic indicators such as GDP growth and inflow of FDI.
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Jeff Florian, Senior ReporterTuesday, June 24 - 2008 at 11:21 UAE local time (GMT+4)
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