Complex Made Simple

Abu Dhabi’s inflation rises by 2.3 per cent in Q3

Increase mainly due to rise in prices of transport group by 5.9 per cent and food and beverages group by 4.6 per cent

The inflation rate in Abu Dhabi rose during the third quarter of this year by 2.3 per cent compared with the second quarter, according to a report issued by Statistics Centre Abu Dhabi (SCAD).

SCAD’s report, titled “Consumer Price Index (CPI) for the month of September”, reveals that the increase was a result of the rise in some commodity groups’ prices, especially the transport group by 5.9 per cent and the food and beverages group by 4.6 per cent, Emarat Al Youm Newspaper reports.

SCAD points out that the inflation rate last September rose by one per cent compared with August, as a result from the rise of clothing and footwear prices by 8.3 per cent and that of the food and beverages group by 1.5 per cent.

The centre reported that consumer prices in the bottom and the top welfare quintile rose by 1.2 per cent during September 2015 in comparison with August 2015. Meanwhile consumer prices inflated by 0.8 per cent for the middle household welfare quintiles.

The increase in consumer prices for September 2015 compared with August 2015 pushed up consumer prices for citizen households by 0.7 per cent, while those of non-citizen and shared households increased by 1.4 per cent, according to the report.