Abu Dhabi inflation eases to 1.2pc in Aug
Abu Dhabi, September 8, 2012
The annual inflation in Abu Dhabi eased to 1.2 per cent in August due to a drop in the housing and utilities prices, according to data from the Abu Dhabi Statistics Centre.
The prices in the restaurants and hotels category jumped 22.4 per cent from a year earlier in August, while alcoholic beverages and tobacco climbed 10.7 per cent; food and non-alcoholic beverages rose 2.2 per cent, the data stated.
The prices fell two per cent for housing and utilities, said the statistics centre in its August consumer price data.
Analysts polled by Reuters in July predicted average inflation in the UAE of 1.5 per cent in 2012 after 0.9 per cent in 2011.-Reuters
More Finance & Capital Market Stories
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m
- NBAD approves 40pc cash dividends
- NBAD sees 8-10pc loan growth
- Al Basel Group launches investment arm
- Union Insurance posts $18m profit
- Oman warns banks on conflicts of interest
- Japan to lend Tunisia $480m
- 400 to join anti-laundering seminar in Riyadh
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch