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Food prices edge down 0.1%: SCAD

The Statistics Centre - Abu Dhabi issued its fourth weekly report on food prices in the month of Ramadan on Saturday.

This issue of the report monitors changes in food prices during the fourth week of Ramadan compared with prices levels in the first and third weeks as well as with the week preceding the holy month.

The SCAD report indicates a 0.1 per cent week-over-week drop in the prices of food commodities during the fourth week of the month of Ramadan, due to falls in the prices some expenditure groups including the fruits which retreated by 1.3 per cent, followed by food products not elsewhere classified (down 1.0 per cent) and milk, cheese and eggs (down 0.8 per cent). The prices of the fish and seafood, and vegetables advanced by 1.3 per cent and 0.7 per cent, respectively.

The Ramadan food prices weekly report also revealed an overall increase of 0.7 per cent in the prices of food commodities during the fourth week of the month of Ramadan, compared with the first week of the holy month, reflecting rises in the prices of meat (4.0 per cent), followed by Sugar, jam, honey, chocolate and confectionery (0.9 per cent), Fish and seafood (0.8 per cent) and Oils and fats (0.7 per cent).

By contrast, a range of other food products displayed lower prices during the period, including Fruits (down 3.1 per cent), food products not elsewhere classified (down 1.6 per cent) and bread and cereals (down 1.2 per cent).

The SCAD also reported a rise of 3.3 per cent in food prices during the fourth week of Ramadan compared with the week preceding Ramadan. —

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