Indices are one of the most economic indicators widely used in planning and economic studies, which can compare many of economics phenomena and used to identify the economic changes in countries. As well as reflect changes in the community productive and consumer sectors structure. In addition it forms a gauge in planning and identifying inflation and economic regression. Furthermore, it contributes in forecasting of what might happen to different variables in the future.
Index measures relative change that occurs on a particular phenomena in terms of Prices, Quantity, and Value for a particular basis which will be considered as the base for index calculation, that is called the base period and the compared period called the comparison period.
Due to the importance of indices, Dubai statistics Center is computing many indices, such as Consumer Price Index, Producer Price Index, Industrial Production Index, Foreign Trade Index and Construction Cost Indicator