- 0.4% monthly increase on CPI of June 2018.
- 0.1% annual increase on CPI of June 2018, compared with June 2017.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of June 2018. The CPI of June 2018 reached to 108.66 (base year is 2013), showing an increase of 0.4%, when compared to CPI of May 2018. Compared to CPI of June 2017, [Y-o-Y basis] of 0.1% increase has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for June 2018 compared with May 2018 CPI, shows that there are five main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 2.3%, followed by “Food and Beverages” by 0.7%, “Transport” by 1.1%, “Miscellaneous Goods and Services” by 0.2%. “Furniture and Household Equipment” by 0.1%. A decrease had just shown on “Clothing and Footwear” by 2.6%, and “Housing, Water, Electricity and Gas” by 0.02%. “Tobacco”, “Health”, “Communication”, “Education”, and “Restaurants and Hotels” groups, have remained flat at the last month’s price level.
A comparison of the CPI, June 2018 with the CPI, June 2017 (Annual Change), an increase has been recorded in the general index (CPI), by 0.1%. This [Y-o-Y] price increase is primarily due to the increasing prices seen in the seven groups, namely: “Transport” by 7.2%, “Health” by 3.4%, “Furniture and Household Equipment” by 1.0%, “Education” and “Restaurants and Hotels” by 0.9% each, “Clothing and Footwear” and “Miscellaneous Goods and Services” by 0.5% each. Also, there has been a decrease in price levels in three groups, namely: “Housing, Water, Electricity and other Fuel” by 4.3%, followed by “Recreation and Culture” by 2.3% “Communication” by 1.0%. “Food and Beverages” and “Tobacco” prices remained at the same level. Table (2) shows the annual comparison for CPI June 2018 .
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 June, 2018, noticed that the “Transport” had the highest positive contribution by 1100.0%, followed by all of “Furniture and Household Equipment”, “Health”, “Education” “Restaurants and Hotels”, since they contributed with the same percentage by 100.0%.. On the negative direction, “Housing, Water, Electricity and other Fuel” had the highest negative contribution by -1000.0%, followed by “Recreation and Culture” by -300.0%, and “Education “by -100.0%.
The CPI of June, 2018 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.09 showing an increase of 0.5 % when compared to the index of May 2018, and a 1.4% when compared to the CPI of June, 2017.
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