0.46% monthly increase on CPI of December 2019.
0.33% annual decrease on CPI of December 2019, compared with December 2018.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of December 2019. The CPI of December 2019 reached to 108.26 point (base year is 2013), showing an increase of 0.46% when compared to CPI of November 2019. Compared to CPI of December 2018, [Y-o-Y basis], a decrease of 0.33% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for December 2019 compared with CPI, November 2019, shows that there are three main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 4.90%, “Transport” by 1.17%, and “Restaurants and Hotels” by 0.36%. A decreased has recorded in “Food and Beverages” by 1.34%, followed by “Clothing and Footwear” by 1.29%, “Housing, Water, Electricity and other Fuel” by 0.37%, “Furniture and Household Equipment” by 0.10%, and “Miscellaneous Goods and Services” by 0.06%. “Tobacco”, “Health”, “Communication”, and “Education” groups had remained flat at the last month’s price level.
A comparison of the CPI, December 2019 with the CPI, December 2018 (Annual Change), a decrease has been recorded in the general index (CPI), by 0.33%. This [Y-o-Y] price decrease primary due to the prices decline seen in the five groups namely: “Recreation and Culture” by 2.89%, “Housing, Water, Electricity and other Fuel” by 2.61% “Transport” by 2.17%, “Communication” by 0.11%, and “Health” by 0.07%. An increase has been shown in price levels in seven groups namely: “Tobacco” by 127.19%, “Miscellaneous Goods and Services” by 3.46%, “Clothing and Footwear” by 3.05%, “Restaurants and Hotels” by 1.74%, “Food and Beverages” by 0.98%, “Education” by 0.93%, and “Furniture and Household Equipment” by 0.02%.
The CPI of December, 2019 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.58 points showing an increase of 0.69% when compared to the index of November 2019, and a 0.30% when compared to the CPI of December, 2018.
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