Aug 10 2008 |
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Prices of basic items climb 12.43%
Abu Dhabi: Prices of basic commodities in Abu Dhabi increased 12.43 per cent in July compared with June, according to the index generated by Abu Dhabi's Department of Planning and Economy (DPE).The index retreated marginally in the third week but ended the month on positive ground owing to the increasing prices of certain items, especially fish.
"Investigations by DPE revealed that the prices of fish have only gone up at the Abu Dhabi Cooperative Society (ADCS) , where the fish outlet is leased to a private investor who is committed to pay ADCS 10 to 20 per cent," the department said in a statement.
The increasing cost of ice, needed to preserve the fish longer in the hot months of summer, was also blamed.
The DPE has also been investigating reports claiming unjustified rises in the prices of rice throughout Abu Dhabi. The findings revealed a big difference in the prices at various outlets.
"For instance, the price of a five-kg pack of Pakistani Basmati rice in July was Dh37.95 to Dh42 at Fatima Supermarket, while in other outlets it was as high as Dh62," the department said in the statement.
The differences in the prices of other items, such as spices, were justified by the difference in quality, it said.
The department has promised to monitor the prices of select commodities during Ramadan, which includes all household necessities during the month, through a weekly special index and report.
By Ahmed A. Elewa
© Gulf News 2008
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