SCAD: Abu Dhabi's Weekly Price Index Falls by 0.7% in the Second Week of April

Covering a selected basket of consumer goods

Abu Dhabi, 20 April 2020:   According to the latest issue of the ‘Weekly Price Index Report’ released by the Statistics Centre – Abu Dhabi (SCAD), for a selected basket of food and non-food consumer goods, the index decreased by 0.7% to 103.0 points in the second week of April 2020, down from 103.7 points in the previous week. However, the index advanced by 3.0% in the second week of April 2020, compared with February 2020 as a reference month.

The food component of the index increased by 2.3% and the non-food by 6.3% in the second week of April 2020, compared with February 2020. The fish and seafood group contributed 45.3% to the overall increase, reflecting a 15.1% rise in the prices of this group, which represents 9.1% of the total index weight. The masks, gloves, cold and flu medicines and analgesics group added 30.9% to the overall increase due to a massive 25.0% surge in the prices of the group, which constitutes 3.7% of index weight.