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Abu Dhabi consumer prices increase 2.54%

Consumer prices in Abu Dhabi rose 2.54 percent in the first seven months of the year, according to the latest monthly report released on Sunday by the Statistics Center Abu Dhabi (SCAD).

Between January and July 2010, average consumer price inflation (CPI) rose to 118.06 points, up from 115.14 points over the same period last year.

In terms of month-on-month growth, CPI in the UAE capital between June and July rose 0.40 percent.

As the report reveals, the housing, water, electricity, gas and other fuels group remained the largest contributor to the overall increase in prices, accounting for 76.6 percent of the increase.

The second biggest contributor was the food and non-alcoholic beverages group, which accounted for 30.2 percent of the rise in the index. Sugar, jam, honey, chocolate and confectionery products rose 35.4 percent, meat prices grew 11.2 percent, vegetables grew 9.1 percent, fish and seafood surged 4.7 percent, coffee, tea and cocoa were ahead 2.7 percent and fruit prices were up 1.8 percent.

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