- 0.2% monthly increase on CPI of July 2017, compared with the previous month.
- 0.2% annual increase on CPI of July 2017, compared with July 2016.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of July 2017. The CPI of July, 2017 reached to 108.7 (base year is 2013) showing an increase by 0.2%, when compared to CPI of June, 2017. Compared to CPI of July, 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 July, 2017 compared with June, 2017 CPI, shows that there are four main groups, where respective indices in this month have increased, namely: “Food and Beverages” by 4.2%, “Recreation and Culture” by 0.9%, “Transport” by 0.6%, and “Health” by 0.2%. A decrease in prices is also noticed in “Clothing and Footwear” by 2.7%. “Miscellaneous Goods and Services” by 1.4%, “Restaurants and Hotels “by 1.1%, “Furniture and Household Equipment” and “Communication” by 1.0% each, and “Housing, Water, Electricity and other Fuel” by 0.6%. The other two groups: “Tobacco” and “Education” have remained flat at the last month’s price level. Graph (1) and (2) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas”.
A comparison of the CPI, July, 2017 with the CPI, July, 2016 (Annual Change), points a rise in the general index (CPI), by 0.2%. This [Y-o-Y] price surge is primarily due to the increasing prices seen in the four groups, namely: “Transport” by 7.5%”, “Food and Beverages” by 4.5%, “Education” by 3.0%, “Health” by 2.8%, Also, there has been a decrease in price levels in seven groups, namely: “Clothing and Footwear” by 4.3%, “Housing, Water, Electricity and other Fuel” by 3.6%, “Recreation and Culture” by 2.5%, “Miscellaneous Goods and Services” by 2.0%, “Communication” by 1.1%, “Restaurants and Hotels” by 0.8%, and “Furniture and Household Equipment” by 0.7%. No changes recorded in “Tobacco” group. Table (1) and Graph (3) shows the monthly and annual comparison for CPI of July 2017, also graph (4) shows a monthly and an annual change in CPI during July 2016 to July 2017.
The CPI of July, 2017 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.0 showing an increase of 0.4 % when compared to the index of June 2017, and a 1.4% when compared to the CPI of July 2016. Table (2) presents CPI excluding “Housing, Water, Electricity and other Fuel” and Graph (5) shows the monthly percentage change of CPI with and without Housing component.
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