Consumer prices in Abu Dhabi jumped 3.2% in January 2016 compared with January 2015, with the increase largely stemming from a hike in electricity and water tariffs that was introduced in January in the emirate. According to the latest report issued by the Statistics Centre – Abu Dhabi (Scad), the ‘housing, water, electricity, gas, and other fuels’ group accounted for the largest share (81.8%) of the overall year-on-year rise in prices. The segment’s prices rose by 8.2% Y-o-Y. Meanwhile, the ‘food and beverages’ segment rose 1.1% Y-o-Y. On a month-to-month basis, prices fell 0.6% in January with the largest contributor to the drop being the transport segment, which was down 3.5% M-o-M. (Gulf News)