- 0.65% monthly increase on CPI of December 2021.
- 6.47% annual increase on CPI of December 2021, compared with December 2020.
- The average between 2021 and 2020 was about 2.3%.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of December 2021. The CPI of December 2021 reached to 102.14 points showing an increase by 0.65% when compared to CPI of November 2021. Compared to CPI of December 2020, [Y-o-Y basis], an increase of 6.47% has been recorded in the general index (CPI) of this month, so by the end of this year 2021, the initial rate of change between the full year 2021, and the entire year 2020 will be about 2.3%.
An analysis [on M-o-M basis] of CPI for December 2021 compared with CPI, November 2021, showed that there were six main groups, where respective indices in this month have increased, namely: “Recreation and Culture" by 4.89%, “Communication" by 1.27%, “Clothing and Footwear" by 0.55%, “Housing, Water, Electricity and other Fuel" by 0.52%, “Transport" by 0.12%, and slightly increase in “Miscellaneous Goods and Services" by 0.05%. A decrease has been recorded only in Food and Beverages" by 0.64%. “Tobacco", “Furniture and Household Equipment", “Health", “Education" and “Restaurants and Hotels" had remained flat at the last month's price level.
A comparison of the CPI, December 2021 with the CPI, December 2020 (Annual Change), an increase has been recorded in the general index (CPI), by 6.47%. This [Y-o-Y] price increase primary due to the prices rising in nine groups namely: “Recreation and Culture" by 37.31%, followed by “Transport" by 11.28%, “Food and Beverages" by 6.73%, “Clothing and Footwear" by 6.17%, “Furniture and Household Equipment" by 3.64%, “Miscellaneous Goods and Services" by 2.57%, “Restaurants and Hotels" by 2.11%, “Communication" by 1.88%, and “Education" by 1.09%.
A decrease has been shown in price levels in “Housing, Water, Electricity and other Fuel" by 2.71%, and “Health" by 1.39%. No changes recorded on “Tobacco".
The CPI of December 2021 excluding “Housing, Water, Electricity and other Fuel" group stands at 105.99 points recorded an increase by 0.68%, when compared to the index of November 2021, and by 8.76% when compared to the CPI of December 2020.
For more information click here
