Abu Dhabi's inflation rate edged up to 3.7 % year-on-year in September, Arabian Business cited latest figures released by the emirate's Statistics Centre.
Housing and utility costs, which account for almost 38 % of consumer expenses, rose 5.4 % year-on-year during the month.
In June, the statistics office said Abu Dhabi's economy expanded an inflation-adjusted 5.2 % in 2013, a much slower rate than the government had previously estimated but still higher than 4.8 % in 2012.
Abu Dhabi accounts for about two-thirds of the roughly $400 billion UAE economy and almost all of its crude oil exports.
In neighbouring Dubai, the inflation rate rose to its highest level since May 2009 in September, driven by housing and utility costs.
Inflation rose to 4.2 % year-on-year with housing and utility costs, which account for almost 44 % of consumer expenses, rising 6.5 % year-on-year, the fastest increase since 2008, and 0.4 % month-on-month in September.
Housing and utility costs, which account for almost 38 % of consumer expenses, rose 5.4 % year-on-year during the month.
In June, the statistics office said Abu Dhabi's economy expanded an inflation-adjusted 5.2 % in 2013, a much slower rate than the government had previously estimated but still higher than 4.8 % in 2012.
Abu Dhabi accounts for about two-thirds of the roughly $400 billion UAE economy and almost all of its crude oil exports.
In neighbouring Dubai, the inflation rate rose to its highest level since May 2009 in September, driven by housing and utility costs.
Inflation rose to 4.2 % year-on-year with housing and utility costs, which account for almost 44 % of consumer expenses, rising 6.5 % year-on-year, the fastest increase since 2008, and 0.4 % month-on-month in September.
Source:
Mubasher
