A welfare measure of consumer vulnerability to rising prices of food imports in the UAE

► Consumer welfare loss is 4.5% of the value of December 2010 food imports. ► CVs by quintile are USD 33.93, 42.00, 56.60, 70.54, and 141.90. ► CVs represent 3.45%, 2.02%, 1.69%, 1.26%, and 0.96% of household income. ► Poorest household are 3.5 times more vulnerable than richest households. ► Recommend targeted assistance instead of imposing price caps.