Abu Dhabi consumer prices up 3.2% in January

Abu Dhabi consumer prices up 3.2% in January 

Jump largely stems from hike in electricity, water tariffs

Abu Dhabi: Consumer prices in Abu Dhabi jumped 3.2 per cent in January 2016 compared with January 2015, with the increase largely stemming from a hike in electricity and water tariffs that was introduced in January in the emirate.

According to the latest report issued by the Statistics Centre – Abu Dhabi (Scad), the ‘housing, water, electricity, gas, and other fuels’ group accounted for the largest share (81.8 per cent) of the overall year-on-year rise in prices. The segment’s prices rose by 8.2 per cent over the same month in 2015.

Meanwhile, the ‘food and beverages’ segment contributed 3.9 per cent of the increase as the group’s prices rose 1.1 per cent.

The ‘restaurants and hotels’ group contributed 5.7 per cent of the overall rise, reflecting a 4.8 per cent increase in their prices in January 2016 compared to January 2015.

On a month-to-month basis, prices fell 0.6 per cent in January 2016 compared with December 2015, with the largest contributor to the drop being the transport segment, which was down 3.5 per cent.

The prices of ‘furnishing, household equipment, and routine household maintenance’ group was also one per cent lower in January compared to December 2015.