- 0.07% monthly increase on CPI of October 2018.
- 0.25% annual decrease on CPI of October 2018, compared with October 2017.
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of October 2018. The CPI of October 2018 reached to 108.43 point (base year is 2013), showing an increase of 0.07%, when compared to CPI of September 2018. Compared to CPI of October 2017, [Y-o-Y basis], a decrease of 0.25% has been recorded in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for October 2018 compared with September 2018 CPI, shows that there are seven main groups, where respective indices in this month have increased, namely: “Food and Beverages” by 1.09%, “Clothing and Footwear” by 0.76%, “Communication” by 0.62%, “Restaurants and Hotels” by 0.52%, “Miscellaneous Goods and Services” by 0.25%, “Furniture and Household Equipment” by 0.17%, and “Health” by 0.10%.
A decrease had shown on Recreation and Culture” by 0.58%, “Housing, Water, Electricity and Gas” by 0.43%, and “Transport” by 0.07%. The groups of “Tobacco”, and “Education” have remained flat at the last month’s price level. Table (1) show the monthly Comparison for CPI October 2018 .
A comparison of the CPI, October 2018 with the CPI, October 2017 (Annual Change), a decrease has been recorded in the general index (CPI), by 0.25%. This [Y-o-Y] price decrease is primarily due to the decreasing prices seen in the five groups, namely: “Communication” by 11.31%, “Recreation and Culture” by 5.15%, “Housing, Water, Electricity and other Fuel” by 2.97%, “Food and Beverages” by 2.30%, and “Miscellaneous Goods and Services” by 0.18%. Also, there has been an increase in price levels in six groups, namely: “Education” by 9.73%, “Transport” by 5.90%, “Health” by 3.38%, “Clothing and Footwear” by 3.04%, “Furniture and Household Equipment” by 1.77%, “Restaurants and Hotels” by 0.25%. “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 October, 2018, noticed that the “Transport” had the highest contribution on opposite direction of CPI annual rate, by 390.0%, “Housing, Water, Electricity and other Fuel” also contribute by 270.12% in same direction of CPI annual rate.
The CPI of October , 2018 excluding “Housing, Water, Electricity and other Fuel” group stands at 109.02 points showing an increase of 0.22 % when compared to the index of September 2018, and a 0.53% when compared to the CPI of October, 2017.
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