The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of January 2021. The CPI of January 2021 reached to 97.11 point showing an increase by 1.23% when compared to CPI of December 2021. Compared to CPI of January 2020, [Y-o-Y basis], a decrease of 1.29% has been recorded in the general index (CPI) of this month. 

 

 

An analysis [on M-o-M basis] of CPI for January 2021 compared with CPI, December 2020, showed that there were nine main groups, where respective indices in this month have increased, namely: “Transport” by 4.12%, followed by “Furniture and Household Equipment” by 2.96%, “Communication” by 2.01%, “Food and Beverages” by 1.44%, “Clothing and Footwear” by 1.36%, “Restaurants and Hotels” by 1.30%. “Education” by 0.58%. “Miscellaneous Goods and Services” by 0.43%, and “Recreation and Culture” by 0.22%. A decrease has been recorded in “Housing, Water, Electricity and other Fuel” by 0.83% and “Health” by 0.79%. “Tobacco” had remained flat at the last month’s price level. 

A comparison of the CPI, January 2021 with the CPI, January 2020 (Annual Change), a decrease has been recorded in the general index (CPI), by 1.29%. This [Y-o-Y] price decrease primary due to the prices decline in four groups namely: “Recreation and Culture” by 16.93%, “Clothing and Footwear” by 6.88%, “Housing, Water, Electricity and other Fuel” by 5.49%, and “Health” by 1.30%. An increase has been shown in price levels in eight groups namely: Tobacco “by 8.37%, “Transport” by 6.11%, “Education” by 3.97%, “Restaurants and Hotels” by 3.05%, “Communication” by 3.01%, “Furniture and Household Equipment” by 2.85%, “Miscellaneous Goods and Services” by 2.81%, and “Food and Beverages” by 0.52%,

The CPI of January, 2021 excluding “Housing, Water, Electricity and other Fuel” group stands at 99.16 points showing an increase of 1.74% when compared to the index of December 2020, and a decrease of 0.21% when compared to the CPI of January  2020. 

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