The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of June 2021. The CPI of June 2021 reached to 97.85 points showing a decrease  by 0.20% when compared to CPI of May 2021. Compared to CPI of June 2020, [Y-o-Y basis], an increase of 1.98% has been recorded in the general index (CPI) of this month. 

 

An analysis [on M-o-M basis] of CPI for June 2021 compared with CPI, May 2021, showed that there were seven main groups, where respective indices in this month have decreased, namely: “Clothing and Footwear” by 2.06%, followed by “Recreation and Culture” by 1.99%, “Communication” by 1.00%, “Housing, Water, Electricity and other Fuel” by 0.35%, “Transport” by 0.21%, and “Furniture and Household Equipment” and  “Miscellaneous Goods and Services” by 0.03% each. An increase has been recorded in “Food and Beverages” by 1.29%, “Education” by 0.26%, and “Restaurants and Hotels” by 0.73%. “Tobacco”, “Health” had remained flat at the last month’s price level. 

A comparison of the CPI, June 2021 with the CPI, June 2020 (Annual Change), an increase has been recorded in the general index (CPI), by 1.98%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Transport” by 9.38%, followed by “Recreation and Culture” by 6.71%, “Restaurants and Hotels” by 6.37%, Education” by 3.99%, “Furniture and Household Equipment” by 3.18%, “Miscellaneous Goods and Services” by 3.14%, “Communication” by 2.99%, and “Food and Beverages” by 2.09%. A decrease has been shown in price levels of three groups namely: Housing, Water, Electricity and other Fuel” by 6.50%, “Clothing and Footwear” by 4.72%, and “Health” by 0.07%. No changes recorded on “Tobacco”.

The CPI of June 2021 excluding “Housing, Water, Electricity and other Fuel” group stands at 100.68 points recorded a decrease by 0.17%, when compared to the index of May 2021, and an increase by  4.18% when compared to the CPI of June 2020. 

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