UAE's largest emirate to start releasing monthly inflation figures
11/9/2008 17:42
The economic authorities of Abu Dhabi, the largest emirate of the United
Arab Emirates (UAE) will start releasing the emirate's monthly inflation figures
from November, local newspaper The National reported today.
The new
information will be measured by the emirate's Department of Planning and Economy
(DPE), using an updated basket of consumer goods representing the spending
habits of Emirate's citizens, according to the report.
The new basket has
been developed in consultation with the Abu Dhabi government in order to ensure
consistency of measurement methodologies.
DPE currently release inflation
figures every three months.
It released last Monday an overall inflation
figure of 12.88 percent for the second quarter of 2008, but changed its mind the
next day, saying the figure "inaccurate."
An official of DPE's statistical
administration said that the data were incomplete and he expected to publish a
revised set of figures within the next two weeks.
Xinhua
|
