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FINANCIAL NEWS
Abu Dhabi inflation rate reaches 3.4 percent increase
20 Mar 2016
(MENAFN) Abu Dhabi inflation viewed a 3.4 percent year-on-year grows in Feb, while the consumer price grew from 102 points in Feb 2015 to 105.5 in Feb 2016.
Furthermore, the increase reflects the net outcome of the rise and fall in the prices of goods and services including the consumer basket.
Additionally; housing, water, elect, gas and other fuels registered the main increase at 8.2 percent, trailed by the restaurants and hotels at 6 percent.
However, the consumer prices pushed down 0.2 percent in Feb 2016, compared with Jan 2016, which contributes to the reduction, were the ‘transport’ stood at 1.6 percent.
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