- 0.1% monthly increase on CPI of November 2017, compared with the previous month.
- 0.2% slightly annual increase on CPI of November 2017, compared with November 2016.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of November 2017. The CPI of November, 2017 reached to 108.8 (base year is 2013) showing an increase by 0.1%, when compared to CPI of October, 2017. Compared to CPI of November, 2016, [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 November, 2017 compared with October, 2017 CPI, shows that there are five main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 0.8%, “Transport” and “Education” by 0.5% each, “Clothing and Footwear” and “Furniture and Household Equipment” by 0.1% each. A decrease in prices is also noticed in “Food and Beverages” by 0.6%, “Housing, Water, Electricity and Gas” by 0.4%. “Tobacco”, “Health”, “Communication”, “Restaurants and Hotels”, and “Miscellaneous Goods and Services” group have remained flat at the last month’s price level. Graph (1) and (2) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas” during January 2016 to November 2017.
A comparison of the CPI, November, 2017 with the CPI, November, 2016 (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 four groups, namely: “Transport” by 7.4%, “Food and Beverages” by 5.5%, “Health” by 3.6%, “Education” by 1%. Also there has been a decrease in price levels in seven groups, namely: “Housing, Water, Electricity and other Fuel” by 5.7%, “Recreation and Culture” by 2.0%, “Communication” by 1.1%, “Miscellaneous Goods and Services” by 0.7%, “Clothing and Footwear” by 0.7% each, “Furniture and Household Equipment” by 0.2%,“Restaurants and Hotels” by 0.1%. No changes recorded in “Tobacco” group. Table (1) and Graph (3) shows the monthly and annual comparison for CPI of November 2017, also graph (4) shows a monthly and an annual change in CPI during November 2016 to November 2017.
The CPI of November, 2017 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.7 showing an increase of 0.3 % when compared to the index of October 2017, and a 2.0% when compared to the CPI of November 2016. Table (2) presents CPI excluding “Housing, Water, Electricity and other Fuel” and Graph (5) shows the monthly percentage change of CPI with and without Housing component.
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