- 1.24% increase on CPI of December 2022.
- 5.93% annual increase on CPI of December 2022, compared with December 2021.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of December 2022. The CPI of December 2022 reached to 108.20 points showing increase by 1.24% when compared to CPI of November 2022. Compared to CPI of December 2021, [Y-o-Y basis], an increase of 5.93% has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of December 2022, with the previous month November 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: “Recreation and Culture” by 7.33%, followed by “Restaurants and Hotels” by 1.84%, Transport” by 1.22%, “Miscellaneous Goods and Services” by 0.51%, “Food and Beverages” by 0.43%, “Furniture and Household Equipment” by 0.10%. A decrease has been recorded in “Communication” by 2.03%, and “Clothing and Footwear” by 0.42%.
“Tobacco”, “Housing, Water, Electricity and other Fuel”, “Health”, and “Education” had remained flat at the last month’s price level.
A comparison of the CPI, December 2022 with the CPI, December 2021 (Annual Change), an increase has been recorded in the general index (CPI), by 5.93%. This [Y-o-Y] price increase primary due to the prices rising in seven groups namely: “Recreation and Culture” by 25.36%, followed by “Housing, Water, Electricity and other Fuel” by 11.90%, “Restaurants and Hotels” by 10.08%, “Food and Beverages” by 1.62%. “Education” by 1.09%, “Furniture and Household Equipment” by 0.95%, and “Transport” by 0.27%.
A decrease has been shown in price levels in “Communication” by 3.37%. “Health” by 2.31%, “Clothing and Footwear” by 0.38%, and “Miscellaneous Goods and Services” by 0.08%. No changes recorded on “Tobacco”.
The CPI of December 2022 excluding “Housing, Water, Electricity and other Fuel” group stands at 110.88 points recorded an increase by 1.53% when compared to the index of November 2022. Compared with counterpart in 2021, the CPI of December index increased by 4.61%.
