The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of July 2021. The CPI of July 2021 reached to 98.73 points showing an increase by 0.90% when compared to CPI of June 2021. Compared to CPI of July 2020, [Y-o-Y basis], an increase of 3.13% has been recorded in the general index (CPI) of this month. 

 

An analysis [on M-o-M basis] of CPI for July 2021 compared with CPI, June 2021, showed that there were eight main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 5.70%, followed by “Transport” by 2.02%, “Clothing and Footwear” by 1.57%, “Miscellaneous Goods and Services” by 0.52%, Food and Beverages” by 0.10%, “Housing, Water, Electricity and other Fuel” by 0.06%, and “Health” by 0.03%. A decrease has been recorded in: “Restaurants and Hotels” by 0.87%, “Communication” by 0.29%, “Furniture and Household Equipment” by 0.07%, and “Education” by 0.06%. “Tobacco” had remained flat at the last month’s price level. 

A comparison of the CPI, July 2021 with the CPI, July 2020 (Annual Change), an increase has been recorded in the general index (CPI), by 3.13%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Recreation and Culture” by 19.69% followed by “Transport” by 10.11%, “Education” by 3.98%, “Miscellaneous Goods and Services” by 3.16%, “Furniture and Household Equipment” by 2.63%, “Food and Beverages” by 2.58%. “Communication” by 0.91%, “Restaurants and Hotels” by 0.71%, and “Health” by 0.17%. A decrease has been shown in price levels of three groups namely: “Housing, Water, Electricity and other Fuel” by 5.24%, “Clothing and Footwear” by 1.77%, %. No changes recorded on “Tobacco”. 

The CPI of July 2021 excluding “Housing, Water, Electricity and other Fuel” group stands at 101.79 points recorded an increase by 1.10%, when compared to the index of June 2021, and by 5.28% when compared to the CPI of July 2020. 

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