0.22% monthly increase on CPI of November 2019.
0.69% annual decrease on CPI of November 2019, compared with November 2018.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of November 2019. The CPI of November 2019 reached to 107.76 point (base year is 2013), showing an increase of 0.22% when compared to CPI of October 2019. Compared to CPI of November 2018, [Y-o-Y basis], a decrease of 0.69% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for November 2019 compared with CPI, October 2019, shows that there are six main groups, where respective indices in this month have increased, namely: “Recreation and Culture” by 0.82%, Miscellaneous Goods and Services” by 0.75%, “Food and Beverages” by 0.67%, “Transport” by 0.40%, “Clothing and Footwear” by 0.20%, and “Furniture and Household Equipment” by 0.08%. A decreased has recorded only in “Housing, Water, Electricity and other Fuel” by 0.36%. “Tobacco”, “Health”, “Communication”, “Education”, and “Restaurants and Hotels” groups had remained flat at the last month’s price level. Table (1) show the monthly and annual Comparison for CPI November 2019, and Graphs (1),(2) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas” between 2018 and 2019.
A comparison of the CPI, November 2019 with the CPI, November 2018 (Annual Change), a decrease has been recorded in the general index (CPI), by 0.69%. This [Y-o-Y] price decrease primary due to the prices decline seen in the six groups namely: “Clothing and Footwear” by 4.18% “Recreation and Culture” by 3.80%, “Housing, Water, Electricity and other Fuel” by 2.28%, “Transport” by 1.64%, “Communication” by 0.11%, and “Health” by 0.07%. An increase has been shown in price levels in six groups namely: “Tobacco” by 127.19%, “Miscellaneous Goods and Services” by 4.00%, “Restaurants and Hotels” by 1.27%, “ “Education” by 0.93%, “Food and Beverages” by 0.16%, and “Furniture and Household Equipment” by 0.12%. Graph (3) shows a monthly and an annual change in CPI during November 2018 to November 2019.
The CPI of November , 2019 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.83 points showing an increase of 0.38% when compared to the index of October 2019, and a decrease of 0.25% when compared to the CPI of November, 2018. Table (2) presents CPI excluding “Housing, Water, Electricity and other Fuel” and Graph (4) shows the annual percentage change of CPI with and without Housing component.
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