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FINANCIAL NEWS
Abu Dhabi’s inflation at 1% in Jan-Apr
16 May 2013
(MENAFN) Statistics Center – Abu Dhabi announced that the emirate’s April consumer price index (CPI) stood at 1 percent during January-April, reported Qatar News Agency.
Thus, the CPI reached 123.3 points in the period, compared to 122.2 points in 2012’s same time.
The increase was mainly attributed to higher prices in the “Restaurant and Hotels ” group, which made up 37.5 percent of the increase in the period’s inflation.
It’s worth noting that prices of “Restaurant and Hotels ” group rose by 9.1 percent in the four-month period.
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