- 1.12% monthly decrease on CPI of September 2018.
- 0.38% annual decrease on CPI of September 2018, compared with September 2017.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of September 2018. The CPI of September 2018 reached to 107.99 point (base year is 2013), showing a decrease of 1.12%, when compared to CPI of August 2018. Compared to CPI of September 2017, [Y-o-Y basis] a decrease of 0.38% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for September 2018 compared with August 2018 CPI, shows that there are five main groups, where respective indices in this month have decreased, namely: “Recreation and Culture” Education” by 6.61%, followed by “Transport” by 2.42%, “Housing, Water, Electricity and Gas” by 0.35%, “Restaurants and Hotels” by 0.15%, “Furniture and Household Equipment” by 0.04%. An increase had shown on “Clothing and Footwear” by 2.2%, “Food and Beverages” by 0.88%, “Miscellaneous Goods and Services” by 0.16%, The groups of “Tobacco”, “Health” “Communication”, and “Education” have remained flat at the last month’s price level.
A comparison of the CPI, September 2018 with the CPI, September 2017 (Annual Change), a decrease also has been recorded in the general index (CPI), by 0.38%. This [Y-o-Y] price decrease is primarily due to the decreasing prices seen in the five groups, namely: “Communication” by 11.86%, “Recreation and Culture” by 4.59%, “Housing, Water, Electricity and other Fuel” by 2.9%, “Food and Beverages” by 2.53%, and “Miscellaneous Goods and Services” by 0.82%. Also, there has been a an increase in price levels in sex groups, namely: “Transport” by 6.13%, “ Education” by 5.63%, “Clothing and Footwear” by 3.06%, “Health” by 2.88%, “Furniture and Household Equipment” by 2.07%, “Restaurants and Hotels” by 1.69%. “Tobacco” prices remained at the same level.
Regards the contribution relative, which is a percentage reflects the different contribution of the main groups on the CPI annual rate. For the month of September, 2018, noticed that the “Transport” had the highest contribution on opposite direction of CPI annual rate, by 246.97%, “Housing, Water, Electricity and other Fuel” also contribute by 162.37% in the same direction of CPI annual rate.
The CPI of September , 2018 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.32 points showing a decrease of 1.03 % when compared to the index of August 2018, and an increase by 0.39% when compared to the CPI of September, 2017.
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