Dubai’s Consumer Price Index, Inflation Rate up in August

The overall Consumer Price Index (CPI) reached 116.86 in August 2012, and with comparison with the base year (2007 =100); it increase by 0.33% compared to its value at the end of July 2012, while it increased by 0.95% compared to its value at the end of August 2011, the National Bureau of Statistics said today.

The findings of the CPI for August 2012 at the national level indicate increases in the following major expenditure groups: Food and Soft Drinks at 1.91%, Recreation and culture 0.28%, Furniture and household goods 0.09%, Miscellaneous goods and services 0.07%, Textiles, clothing and footwear 0.07%, Transportation 0.03% and Health 0.02%, the Bureau added in its monthly report.

At the same time, there were decreases in other major expenditure groups: Restaurants ‘&’ Hotels at – 0.02%.

At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: – Abu Dhabi -0.09% – Dubai +0.44% – Sharjah +0.79 % – Ajman +0.38 % – Umm Al-Quwain +0.47% – Ras Al-Khaimah +0.31 % – Fujairah +0.25 %