- 1.36% increase on CPI of November 2022.
- 5.30% annual increase on CPI of November 2022, compared with November 2021.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of November 2022. The CPI of November 2022 reached to 106.86 points showing increase by 1.36% when compared to CPI of October 2022. Compared to CPI of November 2021, [Y-o-Y basis], an increase of 5.30% has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of November 2022, with the previous month October 2022 (Monthly change), it is found that there was an increase in six groups, while two groups were decreased, and four groups remained unchanged.
The groups showed increase as a follow: “Restaurants and Hotels” by 7.55%, followed by “Recreation and Culture” by 4.16%, “Clothing and Footwear” by 3.29%, “Transport” and “Miscellaneous Goods and Services” by 0.72% each, and “Housing, Water, Electricity and other Fuel” by 0.47%.
A decrease has been recorded in “Furniture and Household Equipment” by 0.50%, and “Food and Beverages” by 0.27%. Tobacco”, “Health”, “Communication”, and “Education” had remained flat at the last month’s price level.
A comparison of the CPI, November 2022 with the CPI, November 2021 (Annual Change), an increase has been recorded in the general index (CPI), by 5.30%. This [Y-o-Y] price increase primary due to the prices rising in seven groups namely: “Recreation and Culture” by 22.51%, followed by “Housing, Water, Electricity and other Fuel” by 12.49%, “Restaurants and Hotels” by 8.09%, “Education” by 1.09%, “Furniture and Household Equipment” by 0.84%, “Clothing and Footwear” by 0.59%, and “Food and Beverages” by 0.38%.
A decrease has been shown in price levels in “Health” by 2.31%, “Transport” by 0.82%, “Miscellaneous Goods and Services” by 0.55%, and “Communication” by 0.12%. No changes recorded on “Tobacco”.
The CPI of November 2022 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.18 points recorded an increase by 1.57% when compared to the index of October 2022. Compared with counterpart in 2021, the CPI of November index increased by 3.70%.
