Abu Dhabi – Mubasher: Inflation rate of the emirate of Abu Dhabi stood at 3.3% in 2018 as compared with 2017.
The consumer price index (CPI) of the emirate recorded 111.6% last year, versus 108.1% in 2017, according to a recent report released by the Statistics Centre of Abu Dhabi (SCAD).
Moreover, the CPI rose 1.2% year-on-year last December, as compared with the same month a year earlier, the report said.
Additionally, the CPI inched up 0.03% month-on-month in December to 110.7%, versus 110.6% in November.
The prices of the transportation segment increased by 8.4% year-on-year in 2018, contributing around 35.8% to the emirate’s inflation growth rate, followed by the ready-made clothing and footwear segment prices, jumped by 20.8% year-on-year, accounting for 31.5% of the increase in inflation.
On the other hand, the prices of the housing services, water, electricity, gas, and fuel segment eased inflation rate by 37.6% last year as the prices of the segment’s services fell by 3.6%.
The CPI is expected to edge up by almost 0.7% during the first quarter of 2019, according to the report.
