"Ministry of Economy" Launches a new digital platform to display prices of basic commodities and enhance consumer awareness
Abu Dhabi, April 19 / WAM / The Ministry of Economy and Tourism announced the “launch of the main commodity prices platform”, which is an innovative digital platform that aims to enhance consumer awareness of smart shopping methods, and provide complete transparency about the prices of goods and products listed on the platform.
This step comes within the framework of the Ministry’s efforts to enhance a smart and sustainable shopping environment for consumers, and enable them to make informed purchasing decisions, in a way that establishes the principles of fair competition, ensures market stability, and preserves the purchasing power of citizens and residents alike.
The new platform allows the collection and analysis of price data for basic and main consumer goods. In its first phase, it includes 33 goods, divided into 17 basic consumer goods and 16 other main goods, and their prices are monitored in real time from 12 major outlets in the country, with the minimum and maximum prices published in each outlet, which enables the consumer to easily compare prices between the various branches.
The platform also includes smart features that allow the consumer to create a customized food basket according to his needs, and automatically direct him towards the most economical option in terms of price. These features help enhance transparency and achieve optimal use of the consumer’s financial resources.
His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Tourism, Chairman of the Supreme Committee for Consumer Protection, said that the UAE has succeeded, thanks to the directives of the wise leadership, in establishing an advanced legislative and digital structure to protect consumer rights in accordance with the best practices followed globally, which contributed to providing a safe and stable consumer environment, and promoted the growth of the shopping, wholesale and retail trade sector, in a way that supports the national economy and enhances its competitiveness and sustainability, in line with the objectives of the “We Are the Emirates 2031” vision.
His Excellency added that the “Prices of Main Commodities” platform constitutes a qualitative initiative that aims to enable the consumer to shop smartly and enhance his awareness of decision-making methods in purchasing. It also seeks to encourage competition between sales outlets in the markets, ensuring price transparency, enhancing market stability, and protecting the purchasing power of consumers.
He explained that the platform works to enhance cooperation between the Ministry of Economy and Tourism, local economic departments, and concerned parties, so that the consumer obtains the best prices and offers for basic consumer goods or the main commodities included in the platform.
He pointed out that the platform contributes to enhancing the smart shopping experience, establishes the principles of transparency and fair competition between various sales outlets, also contributes to raising the level of consumer confidence in local markets, and supports achieving an effective balance between monitoring prices and protecting purchasing power, which reflects positively on economic activities in the country and enhances their sustainability in the long term.
In detail, the Ministry updates commodity price data on the platform daily to ensure accurate monitoring of market movement, and the platform is provided with this data via direct electronic linkage with its associated sales outlets, as these outlets share prices electronically and automatically with the Ministry’s database.
Among the most prominent basic consumer commodities covered by the platform are cooking oils, eggs, dairy, rice, sugar, poultry, meat, fish, legumes, bread, wheat, water, fruits such as bananas, oranges and apples, and vegetables such as cucumbers, tomatoes, potatoes, garlic and onions, ensuring comprehensive coverage of the most consumed commodities and accurate monitoring of market movement.
The Ministry of Economy and Tourism invites the public to view the platform and benefit from its services, by visiting the following electronic link: This contributes to enhancing consumer awareness and enabling the consumer to make informed purchasing decisions. It also urges consumers to contact the Ministry and report if they notice any discrepancy between the data published on the platform and the actual prices in stores, by calling the phone number 8001222.
The Ministry stresses the importance of following sound consumer practices, purchasing according to actual need, and avoiding hoarding or excessive shopping, as this plays a role in supporting price stability and ensuring the availability of goods for all members of society.
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