- 0.3% monthly increase on CPI of October 2017, compared with the previous month.
- 0.2% slightly annual increase on CPI of October 2017, compared with October 2016.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of October 2017. The CPI of October, 2017 reached to 108.7 (base year is 2013) showing an increase by 0.3%, when compared to CPI of September, 2017. Compared to CPI of October, 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 October, 2017 compared with September, 2017 CPI, shows that there are six main groups, where respective indices in this month have increased, namely: “Restaurants and Hotels” by 2.0%, “Furniture and Household Equipment” and “Health” by 1.0% each, “Food and Beverages” by 0.9%, “Clothing and Footwear” by 0.8%, and “Transport” by 0.5%. A decrease in prices is also noticed in “Housing, Water, Electricity and Gas” and “Miscellaneous Goods and Services” by 0.4% each, “Recreation and Culture” by 0.1%. “Tobacco”, “Communication”, and “Education” group have remained flat at the last month’s price level.
A comparison of the CPI, October, 2017 with the CPI, October, 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 7.8%, “Food and Beverages” by 4.9%, “Health” by 3.6%, “Education” by 0.4%. Also there has been a decrease in price levels in six groups, namely: “Housing, Water, Electricity and other Fuel” by 5.4%, “Recreation and Culture” by 2.0%, “Communication”, and “Miscellaneous Goods and Services” by 1.1% each, “Clothing and Footwear” by 0.5%, “Furniture and Household Equipment” by 0.3%. No changes recorded in “Tobacco” and “Restaurants and Hotels” groups.
The CPI of October, 2017 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.4 showing an increase of 0.7 % when compared to the index of September 2017, and a 1.3% when compared to the CPI of October 2016.
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