- 0.49% increase on CPI of July 2022.
- 4.98% annual increase on CPI of July 2022, compared with July 2021.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of July 2022. The CPI of July 2022 reached to 103.65 points showing increase by 0.49% when compared to CPI of June 2022. Compared to CPI of July 2021, [Y-o-Y basis], an increase of 4.98% has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of July 2022, with the previous month June 2022 (Monthly change), it is found that there was an increase in seven groups, three groups was decreased, two groups remained unchanged.
Regarding to the groups showed increase as a follow: “Clothing and Footwear” by 2.56%, “Recreation and Culture” by 2.54%, “Restaurants and Hotels” by 1.68%, “Housing, Water, Electricity and other Fuel” by 0.62%, and “Transport” by 0.17%, a little increase for the groups “Furniture and Household Equipment” and “Food and Beverages” by 0.04%, 0.02% respectively.
A decrease has been recorded on three main groups namely: “Communication” by 2.13%, “Miscellaneous Goods and Services” by 1.43%, and “Health” by 0.21%. “Tobacco” and “Education” had remained flat at the last month’s price level.
A comparison of the CPI, July 2022 with the CPI, July 2021 (Annual Change), an increase has been recorded in the general index (CPI), by 4.98%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Recreation and Culture” by 32.38%, followed by “Housing, Water, Electricity and other Fuel” by 6.00%, “Food and Beverages” by 4.24%, “Restaurants and Hotels” by 2.16%, “Furniture and Household Equipment” by 1.48%, “Clothing and Footwear” by 0.56%, “Education” by 0.28%. “Miscellaneous Goods and Services” by 0.12%,
A decrease has been shown in price levels in “Health” by 3.38%, “Communication” by 1.48%, and “Transport” by 0.08%. No changes recorded on “Tobacco”.
The CPI of July 2022 excluding “Housing, Water, Electricity and other Fuel” group stands at 103.63 points recorded increase by 0.46%, when compared to the index of June 2022. Compared with counterpart in 2021, the CPI of July index increased by 4.76%.
