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FINANCIAL NEWS
Abu Dhabi inflation at 1 percent
18 Sep 2013
(MENAFN) Reports showed that Abu Dhabi inflation has increased by one percent in the first eight months of 2013 versus the same period last year, Khaleej Times reported.
Statistic center Abu Dhabi (Scad) said that the Consumer Price Index (CPI) increased up from 122.6 points to 123.8 points during the January-August period of this year.
The ‘transport’ group represents 29.3 percent of the total increase in prices during the period; a result of the 3 percent increase in the average price for this group.
During the January-August period of 2013, the prices of ‘furnishings, household equipment and routine household maintenance’ increased by 3 percent compared with the same period the year before.
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