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FINANCIAL NEWS
Abu Dhabi’s inflation up 1.3% in H1
12 Jul 2012
(MENAFN) Official report showed that Abu Dhabi’s inflation rose by 1.3 percent during the first half of 2012 compared to a year earlier on rising costs of food and non-alcoholic beverages, Khaleej Times reported.
According to Statistics Centre – Abu Dhabi (Scad), food and non-alcoholic beverages, accounted for 64.4 percent of the rise, due to increases in the prices of most of the subgroups included in this group.
The meat sub group recoded the largest increase by 10.9 percent, followed by fish and seafood by 10.3 percent, coffee, tea and cocoa by 9.4 percent, oils and fats by 6.9 percent and milk, cheese and eggs by 3 percent.
The data also showed another factor in the overall increase, the restaurants and hotels group, which accounted for 42 percent of the increase, as the group’s prices rose by 15 percent.
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