- 0.01% almost stable on CPI of June 2022.
- 5.41% annual increase on CPI of June 2022, compared with June 2021.
- CPI increased in one main group within the main components. Five were decreased, the other six remain unchanged.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of June 2022. The CPI of June 2022 reached to 103.14 points showing nearly stable by 0.01% when compared to CPI of May 2022. Compared to CPI of June 2021, [Y-o-Y basis], an increase of 5.41% has been recorded in the general index (CPI) of this month.
The CPI of June 2022 excluding “Housing, Water, Electricity and other Fuel” group stands at 106.13 points recorded stability by 0.02%, when compared to the index of May 2022. Compared with counterpart in 2021, the CPI of June index increased by 5.41%.
Monthly change
An analysis [on M-o-M basis] of CPI for June 2022 compared with CPI, May 2022, showed that there was only “Recreation and Culture” have been increase in this month by 2.26%.
A decrease has been recorded on five main groups namely: “Clothing and Footwear” by 2.25%, Miscellaneous Goods and Services” by1.39%, “Restaurants and Hotels” by 0.26%, “Food and Beverages” by 0.17%, “Transport” by 0.07%. Tobacco”, “Housing, Water, Electricity and other Fuel”, “Furniture and Household Equipment”, “Health”, “Communication”, and “Education” had remained flat at the last month’s price level.
Annual change
A comparison of the CPI, June 2022 with the CPI, June 2021 (Annual Change), an increase has been recorded in the general index (CPI), by 5.41%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Recreation and Culture” by 36.45%, followed by “Housing, Water, Electricity and other Fuel” by 5.41%, “Food and Beverages” by 4.33%, “Miscellaneous Goods and Services” by 2.10%, “Transport” by 1.77%, “Furniture and Household Equipment” by 1.37%, “Communication” by 0.37%, “Education” by 0.22%.
A decrease has been shown in price levels in “Health” by 3.14%, “Clothing and Footwear” by 0.41%, and “Restaurants and Hotels” by 0.40%, No changes recorded on “Tobacco”.
Information for Editor
Consumer Price Index is a statistical indicator that measures the percentage of change that occurs in the prices of goods and services reflecting the consumption of consumers in the society during a time period, called the comparison period attributed to another time period known as the reference period.
This index is important since it is an economic indicator which is used by economists and decision-makers. The CPI is composed of a group of goods and services. Prices’ data are collected on regular basis (weekly – monthly – quarterly) according to the nature of commodity or service. It is worth mentioning that the CPI has been rebased from 2013 to 2018 as of January 2020.
