Tuesday 17 October 2017
 
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UTILITIES WEIGH

UAE inflation edges up to 2.2pc during January-May

ABU DHABI, June 13, 2017

The inflation rate in consumer prices in the UAE during the first five months of 2017 stood at 2.2 per cent, according to Statistics Centre - Abu Dhabi (SCAD), a report said.

The relative change rate in consumer prices during May hit 2 per cent as compared with the same month last year, Emirates news agency WAM reported, citing a SCAD statement.

SCAD attributed the increase to a 3.5 per cent rise in prices of housing, water, electricity, gas and other types of fuels, which accounted for 55.3 per cent of the total price hike during the first five months of the year comparatively with the same period in 2016.

The hike in transportation prices claimed 33.1 per cent of the total rise during the first five months of 2017 as compared to the same period in 2016.

Prices in the recreation and culture category dropped by 9 per cent during the first five months comparatively with the same period in 2016, contributing by 19.3 per cent to reducing the inflation rise.




Tags: UAE | inflation | Housing | SCAD |

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