Consumer prices drop by 0.8% in Q1: Scad
ABU DHABI 16 April 2019: Consumer prices in the Emirate of Abu Dhabi fell by 0.8 per cent during January-March 2019 compared to the same period in 2018, the Statistics Centre of Abu Dhabi (Scad), reported.
According to the report, the rate of decline in consumer prices was 0.8 percent during the period January-March of 2019 compared to the same period of 2018, the index reached 111.3 percent for the period January-March of 2019, while it was 112.2 per cent for the same period of 2018.
The CPI decreased by 0.8 per cent in March 2019 compared with March 2018, where the index reached 110.5 percent during March 2019, while it was 111.3 percent in March 2018.
The CPI decreased by 1.0 percent in March 2019 compared with February 2019, where the index reached 110.5 percent during March 2019, while it was 111.6 percent in February 2019, said Wam.
Low-income families benefit most: The decline in consumer prices during the period Jan-March 2019 compared with the same period of 2018, contributed to a decrease of 1.2 percent in consumer prices for households of the bottom welfare level, and 0.8 percent for the middle welfare level, and 0.7% for the top welfare level over the same period of comparison.
Consumer prices during the period Jan-March of 2019 compared with the same period of 2018, contributed to a decrease of 0.6% for citizen households, followed by 1.0% for non-citizen households and 1.6% for shared households.
Transport: The “Transport” group contributed 166.7% to the overall decrease in the CPI during the period Jan-March of 2019 compared with the same period of 2018. Prices of this group decreased by 9.1% over the same period.
Utilities: The report indicated prices of the “Housing, water, electricity, gas and fuel” group decreased by 3.5% during the period Jan-March of 2019 compared with the same period of 2018, and contributed 140.1% to the overall decrease.
Food: Regarding the “Food and beverages” group, the report unveiled that it contributed by 16.1% to the overall decrease in the CPI during the period Jan-March of 2019 compared with the same period of 2018. Prices of this group decreased by 1.1% over the same period.
Clothing: As for prices of the “Clothing and footwear” group, they increased by 14.6% during the period Jan-March 2019 compared with the same period of 2018, and contributed 96.3% in reducing the overall decrease in the CPI.
