- 0.97% monthly increase on CPI of January 2022.
- 4.16% annual increase on CPI of January 2022, compared with January 2021.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of January 2022. The CPI of January 2022 reached to 101.15 points showing a decrease by 0.97% when compared to CPI of December 2021. Compared to CPI of January 2021, [Y-o-Y basis], an increase of 4.16% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for January 2022 compared with CPI, December 2021, showed that there were seven main groups, where respective indices in this month have decreased, namely: “Recreation and Culture” by 7.73%, “Restaurants and Hotels” by 3.47%, “Clothing and Footwear” by 2.63%, “Health” by 2.51%, “Furniture and Household Equipment” by 0.33%, “Transport” by 0.28%, and “Education” by 0.02%.
An increase has been recorded on in: “Food and Beverages” by 1.91%, “Communication” by 0.70%, “Housing, Water, Electricity and other Fuel” by 0.60%, and “Miscellaneous Goods and Services” by 0.41%, “Tobacco” had remained flat at the last month’s price level.
A comparison of the CPI, January 2022 with the CPI, January 2021 (Annual Change), an increase has been recorded in the general index (CPI), by 4.16%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Recreation and Culture” by 26.42%, followed by “Food and Beverages” by 7.23%, “Transport” by 6.58%, Miscellaneous Goods and Services” by 2.55%, “Clothing and Footwear” by 1.99%, “Communication” by 0.57%, “Education” by 0.48%. and “Furniture and Household Equipment” by 0.34%.
A decrease has been shown in price levels in “Health” by 3.09%, “Restaurants and Hotels” by 2.70%, and “Housing, Water, Electricity and other Fuel” by 1.31%. No changes recorded on “Tobacco”.
The CPI of January 2022 excluding “Housing, Water, Electricity and other Fuel” group stands at 104.60 points recorded a decrease by 1.31%, when compared to the index of December 2021, while recorded increase by 5.49% when compared with counterpart in 2021.
