Cost of living in Abu Dhabi goes up by almost 3%

The inflation rate in consumer prices for the first eight months of 2014 was 2.9 per cent, compared with the same period of 2013.

The consumer price index CPI rose to 127.4 points during the first eight months of 2014, up from 123.8 points during the same period of 2013.

The CPI increased by 3.5 per cent in August 2014, compared with the same period of 2013, as shown by the increase in the CPI from 125.0 points in August 2013 to 129.3 points in August 2014.The CPI increased by 0.5 per cent in August 2014 compared with July 2014.An overall rise of 2.9 per cent in consumer prices during the first eight months of 2014 compared with the same period in 2013, has led to an increase of 2.1 per cent in consumer prices for households of the bottom welfare quintile over the same period of comparison.

While the consumer prices grew by 2.9 per cent for households of the middle welfare quintiles and by 3 per cent for the top quintile welfare quintiles.

 

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