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HOUSING, UTILITIES FALL

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




Tags: abu dhabi | inflation | Housing |

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