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The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of November, 2014. The CPI of November, 2014 is estimated at 119.0, showing no change, compared to the CPI of October 2014, and a 3.0% compared to the CPI of November 2013.
The stability of CPI of November, 2014 when compared to CPI of October 2014 has resulted from the combined effect of price changes, recorded in the main groups. The Index of Most of them has increase slightly except “Food, Beverages and Tobacco” and “Medical care” which are stable at the same point. An increase showed in “Garments and Footwear” by 0.2% “Rentals, Fuel & Energy*” by 0.1%, “Furniture, Textiles & Home Appliances” by 0.1%, “Entertainment, Recreation & Culture” by 0.3%. Whereas “Transport and Communication” decreased by 0.3% and “Miscellaneous Goods & Services” by 0.7% because of the decline of Gold price during this month. Table (1) presents CPI of November 2014, and figures (4) and (5) in the attached document show the movement of monthly CPIs of “Food, Beverages and Tobacco” and “Rentals, Fuel and Energy*” groups.
The overall CPI of November, 2014 compared to the one of November, 2013 has increased by 3.0%. The price increases are observed in all of the groups except “Miscellaneous Goods & Services” “where the index shows a decline by 0.4%. Increases has been registered in: “Food, Beverages & tobacco” by 0. 1%, “Garments and Footwear” by 2.9%, “Rentals, Fuel & Energy*” by 7.6%, (mainly hikes noticed in rentals of residential buildings), “Furniture, Textiles & Home Appliances” by 3.8%, “Medical care”, by 0.8%, “Transport and Communication” and “Miscellaneous Goods & Services” by 1.5% for both. Figure (1) in the attached document shows the monthly and annual comparison for CPI of November 2014.
The CPI of November 2014, excluding “Rentals, Fuel and Energy” group stands at 128.4, showing a decrease of 0.1% compared to the index of October 2014 and increased by 1.4% in comparison to the CPI of November, 2013. Table (2) in the attached document presents CPI excluding “Rentals, Fuel & Energy” and figure (3) shows the Monthly percentage change of CPI and CPI excluding Rental component.
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More detailed data on CPI is available on: QLAM