ABU DHABI: The inflation rate in UAE dirham consumer prices for the first two months of 2017 was 2 per cent as compared to the same period of last year.
The UAE Consumer Price Index (CPI) has risen to 107.7, up from 105.6 during the same period of 2016.
Abu Dhabi region contributed 54.6 per cent of the total increase compared with the same period last year, while Al Ain region contributed 39.7 per cent and the Al Gharbia region 5.6 per cent, according to the Statistics Centre Abu Dhabi.
The CPI increased by 2.1 per cent in February 2017 compared with same period last year, similarly, index increased by 0.1 per cent in February compared with January 2017.
The rise in consumer prices for the first two months of 2017 compared with same period of 2016, contributed to an increase of 2.2 per cent in consumer prices for households of the bottom welfare level over the same period of comparison. Consumer prices rose by 2.5 per cent and 1.6 percent for households of the middle and the top welfare levels respectively.
National Households
Consumer prices during the first two months increased by 2.4 per cent for citizen households, followed by 1.7 per cent for non-citizen households and 1.3 percent for share households.
The ‘Transport’ group contributed 20.1 per cent to the overall increase in the CPI. Prices of this group increased by 2.9 per cent over the same period.
The prices of the ‘Recreation and Culture’ group decreased by 9.9 per cent, which contributed 23.4 per cent in reducing the overall increase in the CPI.
- Rajive Singh