Average consumer prices in Abu Dhabi rose 0.7 per cent on the year in December, while inflation for the full year 2012 in the oil-rich emirate rose 1.1 per cent in 2012 compared with 2011, latest data from Statistics Centre Abu Dhabi (SCAD) showed on Saturday.
“The largest increase in prices during December 2012 compared with December 2011, was in the “restaurants and hotels” group, which advanced 14.5 per cent, followed by “clothing and footwear” (up 4.0 per cent), “alcoholic beverages and tobacco” (up 11.7 per cent) and “transport” (up 3.0 per cent),” SCAD said in a statement, while adding housing, water, electricity, gas prices retreated by 1.1 per cent.
In 2011, the emirate’s inflation stood at 1.9 per cent. According to the Ministry of Economy estimates.
Consumer prices in Abu Dhabi up 0.7% on year in December | GulfNews.com
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