Spending on 6 sectors approved in the price index increased during August

The consumer price index in Dubai decreased by 0.32% compared to the rest of the Emirates.

Photography: Ahmed Arditi

Spending on six groups of the sectors approved for tracking the consumer price movement index in the UAE increased during last August compared to the previous July, according to the latest statistics of the Federal Competitiveness and Statistics Authority.

In contrast, spending on six of the groups covered by the index declined during the same monitoring period.

The outcome of this consumption behavior resulted in the closing of the general consumer price index at 106.50 points at the end of August of this year, compared to 106.64 points in July the previous year.

At the annual level, consumer prices contracted by 2.59% compared to the same month of 2019. The list of sectors that recorded an increase in their indicators as a result of the increase in spending at the annual level included the food and beverage sector, clothing and footwear, tobacco, education, restaurants and hotels, commodities. And other services.

On the other hand, indicators of the housing, water, electricity and gas sectors declined, along with household equipment and equipment, health services, transportation services, communications, promotion and culture.

The consumer price index in the Emirate of Dubai recorded the largest rate of change, as it decreased by 0.32% compared to the rest of the Emirates during August of this year, compared to July of the same year, followed by the index in Abu Dhabi by 0.21%.

The consumer price index increased in Umm Al Quwain by 0.32% during August 2020 compared with July, while the increase in Sharjah reached 0.19%, 0.16% in Ras Al Khaimah, 0.03% in Fujairah, and 0.02 % In the Emirate of Ajman.

It is noteworthy that the price index is a statistical method for measuring the changes in the prices of goods and services between two time periods in the country.

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