0.67% monthly increase on CPI of June 2019.
0.41% annual decrease on CPI of June 2019, compared with June 2018.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of June 2019. The CPI of June 2019 reached to 108.39 point (base year is 2013), showing an increase of 0.67% when compared to CPI of May 2019. Compared to CPI of June 2018, [Y-o-Y basis], a decrease of 0.41% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for June 2019 compared with May 2019 CPI, shows that there are five main groups, where respective indices in this month have increased, namely: “Food and Beverages” by 3.76%, “Clothing and Footwear” by 2.32%, “Transport” by 1.12%, “Miscellaneous Goods and Services” by 0.66%, there was a slightly increase in “Restaurants and Hotels” by 0.05%. A decrease had shown on “Housing, Water, Electricity and other Fuel” by 0.42%, and “Furniture and Household Equipment” by 0.25%. “Tobacco”, “Health”, “Communication”, “Recreation and Culture” and “Education” groups had remained flat at the last month’s price level. Table (1) show the monthly Comparison for CPI June 2019,
A comparison of the CPI, June 2019 with the CPI, June 2018 (Annual Change), a decrease has been recorded in the general index (CPI), by 0.41%. This [Y-o-Y] price decrease is primary due to the decreasing prices seen in the four groups, namely: “Communication” by 10.45%, “Recreation and Culture” by 9.37%, “Housing, Water, Electricity and other Fuel” by 2.57%, and “Miscellaneous Goods and Services” by 0.38%. An increase, has been shown in price levels in eight groups namely: “Tobacco” by 127.19%, “Education” by 9.26%, “Clothing and Footwear” by 5.73%, “Food and Beverages” by 1.76%, “Transport” by 1.55%, and Furniture and Household Equipment” by 1.43%, “Health” by 0.83%, “Restaurants and Hotels” by 0.40%. Table (2) shows the annual comparison of CPI June 2019,
Regards the contribution relative, which is a percentage reflects the different contribution of the main groups on the CPI annual rate. For the month of June, 2019, noticed that the “Recreation and Culture" had the highest contribution on the same direction of CPI annual rate, by 274.28%, followed by “Education" contributed by 146.10% but in opposite direction.
The CPI of June , 2019 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.29 points showing an increase of 0.97% when compared to the index of May 2019, and a 0.18% when compared to the CPI of June, 2018.
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