- 0.65% Monthly increase on CPI of September 2023.
- 1.80% annual increase on CPI of September 2023, compared with September 2022.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of September 2023. The CPI of September 2023 reached 106.94 points showing an increase of 0.65% when compared to CPI of August 2023. Compared to CPI of September 2022, [Y-o-Y basis, an increase of 1.80% has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of September 2023, with the previous month August 2023 (Monthly change), it is found that, there was an increase in eight groups, one group decreased, and three groups remained unchanged.
The groups showed increase as a follow: “Education” by 2.04%, “Food and Beverages” by 1.48%, “Recreation and Culture” by 1.39%, “Clothing and Footwear” by 0.94%, “Transport” by 0.61%, “Miscellaneous Goods and Services” by 0.20%, “Furniture and Household Equipment” by 0.02%. and “Restaurants and Hotels” by 0.07%. A decrease has been recorded in “Communication” by 0.23%. “Tobacco”, “Housing, Water, Electricity and other Fuel”, and “Health” remained flat at the last month’s price level.
A comparison of the CPI, September 2023 with the CPI, September 2022 (Annual Change), an increase has been recorded in the general index (CPI), by 1.80%. This [Y-o-Y] price increase primary due to the prices rising in eight groups namely: “Communication” by 15.59%, “Education” by 6.72%, “Recreation and Culture” by 3.19%, “Furniture and Household Equipment” by 2.35%, Food and “Beverages” by 2.20%, “Transport” by 1.73%, “Miscellaneous Goods and Services” by 0.81%. “Health” 0.33%. A decrease has been shown in price levels in “Restaurants and Hotels” by 4.65%, “Clothing and Footwear” by 1.39%, and “Housing, Water, Electricity and other Fuel” by 0.70%.
No changes recorded on “Tobacco”.
The CPI of September 2023 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.88 point, recorded an increase by 0.80% when compared to the index of August 2023. Compared with its counterpart in 2022, the CPI of September index increased by 2.40%.
