SCA: inflation rate 2.5 per cent over the first five months of 2014 compared to same period of 2013

ABU DHABI: The inflation rate in consumer prices for the first five months of 2014 was 2.5 per cent, compared with the corresponding period of 2013, as shown by the increase in the CPI to 126.5 points during the first five months of 2014, up from 123.4 points during the same period of 2013, according to the report released by Statistic Centre- Abu Dhabi (SCAD).

The report provides an analysis of the results of the Consumer Price Index (CPI) for the month of May 2014 and the first five months 2014 with the base year 2007. In addition, the report provides the results of the CPI by household welfare levels and by household type.

The CPI increased by 2.8per cent in May 2014, compared with the same period of 2013, as shown by the increase in the CPI from 123.6 points in May 2013 to 127.0 points in May 2014.

An overall rise of 2.5per cent in consumer prices during the first five months of 2014 compared with the same period in 2013, has led to an increase of 1.9per cent in consumer prices for households of the bottom welfare quintile over the same period of comparison. While the consumer prices grew by 2.6per cent for households of the top quintile and middle welfare quintiles.

The rise in consumer prices for the first five months of 2014 compared with the same period in 2013, pushed up consumer prices for citizen households by 2.7per cent, and by 2.4per cent for non-citizen households and 2.0per cent for share households.

The rise in consumer prices the first five months 2014 compared with the same period in 2013, pushed up consumer prices by region for Abu Dhabi region and Al Ain and Al Gharbia region by 2.5per cent.

During the first five months of 2014, the average consumer prices rose by 2.5per cent compared with the same period of 2013, with the CPI for the first five months of 2014 at 126.5 points, compared with 123.4 points for the same period of 2013. This rise in prices reflects the net change in the consumer basket prices (resulting from upward and downward movement) during the periods compared.

The average consumer prices increased by 2.8per cent in May 2014 compared with May 2013, with the CPI at 127.0 points in May 2014, up from 123.6 points in May 2013. This increase in prices was due to the net movement (increases and decreases) of consumer prices during the mentioned months.

The most significant groups, which experienced increases in prices during May 2014 compared with May 2013, were “Furnishings, household equipment and routine household maintenance” with 12.6per cent and “Restaurants and hotels” with 6.7per cent, followed by “Miscellaneous goods and services” with 3.9per cent, and “Housing, water, electricity, gas and other fuels” with 2.7per cent. Over the same period, the “Communication” group decreased by 0.3per cent.

The average consumer prices increased by 0.2per cent in May 2014 compared with April 2014. This overall increase in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.

The rise of 2.5per cent in consumer prices during the first five months of 2014 compared with the same period in 2013, resulted in an increase of 1.9per cent in consumer prices for households of the bottom
welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 2.6per cent for households of the top and the middle quintiles.

In May 2014, consumer prices increased by 0.2per cent compared with April 2014. This caused an increase of 0.1per cent in consumer prices for households in the bottom welfare quintile and 0.2per cent in the top welfare and the middle quintiles.

The 2.5per cent rise in consumer prices for the first five months of 2014 compared with the same period of 2013, pushed up consumer prices for citizen by 2.7per cent and non-citizen households by 2.4per cent, and share households by 2.0per cent.

The 2.8per cent rise in consumer prices for May of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 3.2per cent, non-citizen households by 2.6per cent and share households by 2.0per cent. The 0.2per cent increase in consumer prices for May 2014 compared with April 2014, pushed up the consumer prices for citizen and non-citizen and share households by 0.2per cent.

The rise in consumer prices for the first five months 2014 compared with the same period in 2013 by 2.5per cent, resulted from the rise of consumer prices by region for Abu Dhabi, Al Ain and Al Gharbia regions.

The increase in the CPI in Abu Dhabi Region contributed 68per cent of the total increase achieved during the first five months, Al-Ain Region contributed 25per cent.while Al Gharbia region contributed 7per cent of the total increase achieved during the period.

The inflation rate in the Abu Dhabi region increased by 2.8per cent in May 2014, compared with the same month in 2013.

The CPI increased by 0.2per cent in May 2014, compared with April 2014. The major groups that increased in May 2014 compared with April 2014 were “Recreation and culture” by 0.9per cent, and “Food and beverages” by 0.8per cent.

The inflation rate in the Al Ain region increased by 2.6per cent in May 2014, compared with the same month in 2013.

The CPI increased by 0.1per cent in May 2014, compared with April 2014.The major groups that increased in May 2014 compared with April 2014 were ” Food and beverages” by 0.4per cent.

The inflation rate in the Al Gharbia region increased by 2.5per cent in May 2014, compared with the same month in 2013.

The CPI increased by 0.3per cent in May 2014, compared with April 2014. The major groups that increased in May 2014 compared with April 2014 were “Food and beverages” by 1.6per cent

SOURCE: WAM