Published On: Tue, Oct 21st, 2014

Emirates Consumer Price Index Increased by 0.93 percent in September 2014

Emirates Consumer Price Index Increased by 0.93 percent in September 2014

Emirates Consumer Price Index Increased by 0.93 percent in September 2014

The overall Consumer Price Index (CPI) increased by 0.93 percent in September 2014 compared to August 2014 on the rise of major consumer groups, according to data released by the National Bureau of Statistics (NBS) on Tuesday.

”The CPI rose to 122.33 in September 2014 from 121.20 in August, up 2.91 percent year-on year on the base year (2007 =100),” the NBS said in its monthly CPI report for September.

The report noted that Education was the major contributor to the CPI rise in September, increasing 3.84 percent.

The findings of the CPI for September 2014 at the national level indicated increases in the major expenditure groups: Food and Soft Drinks 0.92 percent, Beverages and Tobacco 0.02, Textiles, Clothing and Footwear 0.95, Housing, Water, Electricity and Gas 1.51, Culture and Recreation 0.02 percent, Education The report noted that other groups whose CPI saw down trend included; Furniture and Household Goods at 0.01 percent, Health 0.06 percent, Transport 0.09 percent, and Communications 0.01 percent.

At the Emirate level, the CPI surged 0.97 percent in Abu Dhabi, 0.76 in Dubai, 0.55 in Sharjah, 0.66 in Ajman, 0.23 in Ras Al Khaimah, 0.15 in Fujairah and 0.47 in Umm Al Qaiwain.

Source : WAM News Agency for United Arab Emirates

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