With the Ramadan beginning on Saturday April o2nd, the Ministry of Economy has announced several measures to keep commodity prices during the month as Ramadan grocery shopping turns out to be the biggest expense for the season.
Several Ramadan-related sales are underway sine mid march, and set to continue into the first week of next month. UAE retailers have so far revealed offers of up to 70 per cent discounts ahead of the upcoming month of fasting.
However, looking beyond the adverts of bumper discount offers, what spending trends should UAE residents be on a lookout for, when taking advantage of cost effective means to spend their money. This is what we will analyze in detail.
Although UAE buyers stock up on household items before Ramadan in a bid to avoid going out shopping for groceries during the month of fasting, residents still make use of the discounts that continue into the month.
What’s Popular with Shoppers during Ramadan
While 31 per cent of the participants state that they will choose home delivery options for their Ramadan purchases, 54 per cent of the respondents state that they will shop for clothes, 45 per cent shop grocery products followed by confectionery products with 36 per cent.
A study made by a popular research agency in 2021 revealed around 67 per cent of the participants stated that their cosmetic expenses are increasing during Ramadan, while the cosmetics they bought the most were perfumes with 62 per cent, hair care products with 43 per cent, and followed by make-up and cosmetics products with 31 per cent.
While quality and pricing are highlighted as the most important priorities in shopping plans, more than half of the respondents state that product quality with 63 per cent and product pricing with 57 per cent are the most important factors while shopping for the month of Ramadan, the survey further showed.
Ramadan Shopping Price Impact
A week global food prices climbed to the highest level in six years, according to a United Nations index. The surge has been driven by Ukraine -Russia War , Covid 19 and scarcity due to crops such as corn and soybeans, which are widely used to feed farm animals. That’s adding to food inflation worries for nations already strained after the coronavirus pandemic upended supply chains.
The move from UAE, which imports 90 per cent of its food and allows its economy ministry to control prices, comes as several other countries worldwide have come under inflationary pressures amid Russia- Ukraine war and the global economy returning to pre-pandemic levels of functionality.
When analyzing the cost of poultry, seafood, fruits and vegetables, here are a few useful patterns that can assist a shopper in saving money in both the short run and even more so in the longer term.
While the prices do not differ starkly during most months of the year, as the government keeps a lid on costs and prevents any major price spikes from happening – when studying prices over the last nine months, the cost of food items stayed largely in check.
Which days are ideal for grocery discounts?
Although we are at the start of summer season, no noticeable changes in prices were observed, due to inflation or otherwise.
During the course of these months, it was observed to be cost effective to buy fresh chicken during the start of the week, especially most Mondays.
Price of fish, beef and Lamb
As of March 21, among fish variants, Seabass costs Dh34 per kilogram and Hamour was priced at Dh22. On the other hand, Kingfish was priced at Dh43.9, and Salmon was priced at Dh49.
Among different varieties of beef, the variant from Australia cost Dh35 per kilogram, the type from India was priced at Dh30and the kind that was locally produced was Dh50. On the other hand, when it came to lamb, the Australian variant now costs Dh45, the breed from India was priced at Dh38, the Pakistani variety costs Dh40, while a kilogram of the regional variety was Dh45.
Price of Fruits and Vegetables
When it comes to fruits the per kilo starting price of bananas are currently priced at Dh4, oranges are Dh4 and apples cost Dh5. On the other hand, prices pertaining to vegetables include – regional tomatoes costing Dh3.50, red onions at Dh1.5, potatoes at Dh1.5 and lettuce at Dh4.95. Also, the price of a kilogram of lemon is Dh5, while lime costs Dh5.60.