0.75% monthly decrease on CPI of September 2019.
0.06% annual increase on CPI of September 2019, compared with September 2018.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of September 2019. The CPI of September 2019 reached to 108.42 point (base year is 2013), showing a decrease of 0.75% when compared to CPI of August 2019. Compared to CPI of September 2018, [Y-o-Y basis], an increase of 0.06% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for September 2019 compared with CPI, August 2019, shows that there are three main groups, where respective indices in this month have decreased, namely: “Transport” by 4.46%, “Housing, Water, Electricity and other Fuel” by 0.20%, and Food and Beverages” by 0.07% . An increase has also recorded in two main groups, that were “Clothing and Footwear” by 1.56%, and “Miscellaneous Goods and Services” by 0.16%. “Tobacco”, “Furniture and Household Equipment”, “Health”, “Communication”, “Recreation and Culture”, Education”, and “Restaurants and Hotels” groups had remained flat at the last month’s price level. Table (1) show the monthly and annual Comparison for CPI September 2019, and Graphs (1),(2) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas” between 2018 and 2019.
A comparison of the CPI, September 2019 with the CPI, September 2018 (Annual Change), an increase has been recorded in the general index (CPI), by 0.06%. This [Y-o-Y] price increase primary due to the increasing prices seen in the six groups, namely: “Tobacco” by 127.19%, “Miscellaneous Goods and Services” by 4.38%, “Restaurants and Hotels” by 1.43%, “Communication” by 1.26%, “Food and Beverages” by 0.99%, “Education” by 0.93%. A decline has been shown in price levels also in six groups namely: “Clothing and Footwear” by 3.07%, “Housing, Water, Electricity and other Fuel” by 2.07%, “Recreation and Culture” by 1.83% “Transport” by 0.19%, “Health” by 0.08%, and “Furniture and Household Equipment” by 0.04%. Graph (3) shows a monthly and an annual change in CPI during September 2018 to September 2019.
The CPI of September , 2019 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.49 points showing a decrease of 0.90% when compared to the index of August 2019, and a 0.66% increase, when compared to the CPI of September, 2018. Table (2) presents CPI excluding “Housing, Water, Electricity and other Fuel” and Graph (4) shows the annual percentage change of CPI with and without Housing component.
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