SCAD announces Abu Dhabi’s inflation rate reach 2.9% in eight months

September 16, 2014 9:12 am


Statistics Centre – Abu Dhabi (SCAD) released a report showing inflation rate in consumer prices for the first eight months of 2014 was 2.9%, compared with the same period of 2013, as shown by the increase in the CPI to 127.4 points during the first eight months of 2014, up from 123.8 points during the same period of 2013. The CPI increased by 3.5% in August 2014, compared with the same period of 2013, as shown by the increase in the CPI from 125.0 points in August 2013 to 129.3 points in August 2014, Emirates News Agency (WAM) reported. The CPI increased by 0.5% in August 2014 compared with July 2014. An overall rise of 2.9% in consumer prices during the first eight months of 2014 compared with the same period in 2013, has led to an increase of 2.1% in consumer prices for households of the bottom welfare quintile over the same period of comparison. While the consumer prices grew by 2.9% for households of the middle welfare quintiles and by 3.0% for the top quintile welfare quintiles.

By