- 0.97% monthly increase on CPI of January 2019.
- 1.59% annual decrease on CPI of January 2019, compared with January 2018.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of January 2019. The CPI of January 2019 reached to 107.57 point (base year is 2013), showing a decrease of 0.97% when compared to CPI of December 2018. Compared to CPI of January 2018, [Y-o-Y basis], a decrease of 1.59% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for January 2019 compared with December 2018 CPI, shows that there are six main groups, where respective indices in this month have decreased, namely: “Transport” by 5.47%, Recreation and Culture” by 4.34%, “Health” by 1.02%, “Restaurants and Hotels” by 0.76%, “Communication” by 0.13%, and “Housing, Water, Electricity and Gas” by 0.07%. An increase had shown on “Tobacco” by 127.19%, “Clothing and Footwear” by 2.97%, “Furniture and Household Equipment” by 0.73%, “Miscellaneous Goods and Services” by .0.34%, and “Food and Beverages” by 0.16%. “Education” group has remained flat at the last month’s price level.
A comparison of the CPI, January 2019 with the CPI, January 2018 (Annual Change), a decrease has been recorded in the general index (CPI), by 1.59%. This [Y-o-Y] price decrease is primarily due to the decreasing prices seen in the eights groups, namely: “Communication” by 11.45%, followed by “Recreation and Culture” by 5.05%, “Clothing and Footwear” by 4.04%, “Housing, Water, Electricity and other Fuel” by 2.67%, “Food and Beverages” by 2.51%, “Transport” by 2.12%, “Restaurants and Hotels” by 0.13%, and “Miscellaneous Goods and Services” by 0.04%. Also, there has been an increase in price levels in four groups namely: “Tobacco” by 127.19%, “Education” by 9.25%, “Furniture and Household Equipment” by 1.33%, “Health” by 0.10%.
Regards the contribution relative, which is a percentage reflects the different contribution of the main groups on the CPI annual rate. For the month of January, 2019, noticed that the “Recreation and Culture” had the highest contribution on same direction of CPI annual rate, by 39.10%, followed by “Education" in opposite direction of CPI annual rate, by 38.17%.
The CPI of January , 2019 excluding “Housing, Water, Electricity and other Fuel” group stands at 107.94 points showing a decrease of 1.21 % when compared to the index of December 2018, and a 1.29% when compared to the CPI of January, 2018.
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