- 0.09% monthly decrease on CPI of February 2021.
- 1.37% annual decrease on CPI of February 2021, compared with February 2020.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of February 2021. The CPI of February 2021 reached to 97.02 point showing a decrease by 0.09% when compared to CPI of January 2021. Compared to CPI of February 2020, [Y-o-Y basis], a decrease of 1.37% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for February 2021 compared with CPI, January 2021, showed that there were six main groups, where respective indices in this month have decreased, namely: “Clothing and Footwear” by 1.07%, “Housing, Water, Electricity and other Fuel” by 0.51%, “Miscellaneous Goods and Services” by 0.26%, Furniture and Household Equipment” and “Restaurants and Hotels” by 0.07% each. “Food and Beverages” by 0.05%.
An increase has been recorded in “Transport” by 0.57% and “Communication” by 0.26%. “Tobacco”, “Health”, “Recreation and Culture”, and “Education” had remained flat at the last month’s price level.
A comparison of the CPI, February 2021 with the CPI, February 2020 (Annual Change), a decrease has been recorded in the general index (CPI), by 1.37%. This [Y-o-Y] price decrease primary due to the prices decline in four groups namely: “Recreation and Culture” by 13.89%, “Clothing and Footwear” by 8.87%, “Housing, Water, Electricity and other Fuel” by 5.83%, and “Health” by 0.20%.
An increase has been shown in price levels in seven groups namely: “Transport” by 4.36%, “Communication” by 3.91%, “Education” by 3.72%, “Restaurants and Hotels” by 3.13%, “Furniture and Household Equipment” by 2.73%, “Miscellaneous Goods and Services” by 2.29%, and “Food and Beverages” by 0.53%. No changes recorded on “Tobacco”.
The CPI of February, 2021 excluding “Housing, Water, Electricity and other Fuel” group stands at 99.17 points showing a slightly increase (almost stable) of 0.02%, when compared to the index of January 2021, and a decrease of 0.23% when compared to the CPI of February 2020.
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