- 0.1% monthly increase on CPI of July 2018.
- 0.2% annual increase on CPI of July 2018, compared with July 2017.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of July 2018. The CPI of July 2018 reached to 108.91 (base year is 2013), showing an increase of 0.1%, when compared to CPI of June 2018. Compared to CPI of July 2017, [Y-o-Y basis] of 0.2% increase has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for July 2018 compared with June 2018 CPI, shows that there are five main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 3.3%, followed by “Transport” by 1.2%, “Health” by 1.1%, “Food and Beverages” and “Furniture and Household Equipment” by 0.6% each. A decrease had shown on “Communication” by 11.8%, followed by “Miscellaneous Goods and Services” by 0.9%m “Restaurants and Hotels” by 0.2%. slightly decrease in “Clothing and Footwear” by 0.05%. The groups of “Tobacco”, “Housing, Water, Electricity and Gas”, and “Education” have remained flat at the last month’s price level. Table (1) show the monthly Comparison for CPI July 2018 .
A comparison of the CPI, July 2018 with the CPI, July 2017 (Annual Change), an increase has been recorded in the general index (CPI), by 0.2%. This [Y-o-Y] price increase is primarily due to the increasing prices seen in the seven groups, namely: “Transport” by 7.8%, “Health” by 4.3%, “Clothing and Footwear” by 3.2%, “Furniture and Household Equipment” by 2.7%, “Restaurants and Hotels” by 1.8%, “Education” and “Miscellaneous Goods and Services” by 0.9% each. Also, there has been a decrease in price levels in four groups, namely: “Communication” by 11.9%, “Food and Beverages” by 3.4%, “Housing, Water, Electricity and other Fuel” by 2.9%, “Recreation and Culture” by 0.2%. “Tobacco” prices remained at the same level.
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 July, 2018, noticed that the “Transport” had the highest positive contribution by 650.0%, On the negative direction, “Housing, Water, Electricity and other Fuel” had the highest contribution by -350.0%..
The CPI of July , 2018 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.17 showing an increase of 0.1 % when compared to the index of June 2018, and a 1.5% when compared to the CPI of July, 2017.
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