0.4% monthly increase on CPI of January 2018, compared with the previous month.
0.9% annual increase on CPI of January 2018, compared with January 2017.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of January 2018. The CPI of January, 2018 reached to 109.3 (base year is 2013) showing an increase by 0.4%, when compared to CPI of December, 2017. Compared to CPI of January, 2017, [Y-o-Y basis] of 0.9% increase has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for January, 2018 compared with December, 2017 CPI, shows that there are five main group, where respective indices in this month have increased, namely: “Health” by 2.2%, followed by “Clothing and Footwear” and “ Transport” by 1.9% each, “Furniture and Household Equipment” by 1.1%, “Miscellaneous Goods and Services” by 0.8%. A decrease in prices is also noticed in “Food and Beverages” by 1.1%, followed by Recreation and Culture” by 0.6%, “Restaurants and Hotels “by 0.2%, “Education” by 0.1% ,“Tobacco”, “Housing, Water, Electricity and Gas”, and “Communication” groups have remained flat at the last month’s price level.
A comparison of the CPI, January 2018 with the CPI, January 2017 (Annual Change), an increase has been recorded in the general index (CPI), by 0.9%. This [Y-o-Y] price increase is primarily due to the increasing prices seen in the seven groups, namely: “Transport” by 8.8%, “Food and Beverages” by 5.8%, “Health” by 5.3%, “Clothing and Footwear” by 3.8%. “Miscellaneous Goods and Services” by 2.7%, “Furniture and Household Equipment” by 1.2%, “Education” by 0.9%. Also there has been a decrease in price levels in four groups, namely: “Housing, Water, Electricity and other Fuel” by 5.4%, “Recreation and Culture” by 1.8%, “Communication” by 1.1%, and “Restaurants and Hotels” by 0.5%. No changes recorded in “Tobacco” group.
The CPI of January, 2018 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.4 showing an increase of 0.5 % when compared to the index of December 2017, and a 2.9% when compared to the CPI of January 2017.
