The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of October 2021. The CPI of October 2021 reached to 100.41 points showing an increase by 1.34% when compared to CPI of September 2021. Compared to CPI of October 2020, [Y-o-Y basis], an increase of 4.28% has been recorded in the general index (CPI) of this month. 

 

An analysis [on M-o-M basis] of CPI for  October 2021 compared with CPI, September 2021, showed that there were nine main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 9.32%, “Food and Beverages” by 1.40%, “Restaurants and Hotels” by 1.66%, “Furniture and Household Equipment” by 0.45%, “Housing, Water, Electricity and other Fuel” by 0.42%, “Miscellaneous Goods and Services” by 0.37%, “Communication” by 0.26%, “Transport” by 0.05%, and “Education” by 0.01%. A decrease has been recorded in: Health” by 0.63%, and “Clothing and Footwear” by 0.25%. “Tobacco” had remained flat at the last month’s price level. 

A comparison of the CPI, October 2021 with the CPI, October 2020 (Annual Change), an increase has been recorded in the general index (CPI), by 4.28%. This [Y-o-Y] price increase primary due to the prices rising in nine groups namely: “Recreation and Culture” by 25.31%, followed by “Transport” by 9.56%, “Food and Beverages” by 4.17%, “Furniture and Household Equipment” by 3.72%, “Miscellaneous Goods and Services” by 2.69% “Restaurants and Hotels” by 2.24%, “Education” by 1.77%, “Clothing and Footwear” by 0.91%, and “Communication” by 0.60%.  A decrease has been shown in price levels in “Housing, Water, Electricity and other Fuel” by 3.58%, and “Health” by 1.39%. No changes recorded on “Tobacco”. 

The CPI of October 2021 excluding “Housing, Water, Electricity and other Fuel” group stands at 103.81 points recorded an increase by 1.55%, when compared to the index of September 2021, and by 6.24% when compared to the CPI of October 2020. 

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