Consumer Price Index (CPI)February, 2017(Base year 2013=100)

•  0.1% monthly increase on CPI of February 2017.
•  0.7% annual increase on CPI of February 2017, compared with February 2016.
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        The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of February 2017. The CPI of February, 2017 reached to 108.4 showing a slightly increase by 0.1%, when compared to CPI of January, 2017. Compared to CPI of February, 2016, [Y-o-Y basis] of 0.7% has been recorded in the general index (CPI) of this month.
    
 An analysis [on M-o-M basis] of CPI for February, 2017 compared with January, 2016 CPI, shows that there are five main groups, where respective indices in this month have increased, namely: “Food and Beverages” and “Miscellaneous Goods and Services” by 1.8% each, “Transport” by 0.8%, “Clothing and Footwear” by 0.4%, and “Furniture and Household Equipment” by 0.1%. A decrease in prices is also noticed in “Recreation and Culture” by 1.5%, and “Housing, Water, Electricity and other Fuel” by 0.6%. The other groups: “Tobacco”, “Health”, “Communication”, “Education”, and “Restaurants and Hotels “ 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, February, 2017 with the CPI, February, 2016 (Annual Change), points a rise in the general index (CPI), by 0.7%. This [Y-o-Y] price surge is primarily due to the increasing prices seen in the five groups, namely: “Transport” by 5.9%”, “Education” by 3.0%, “Miscellaneous Goods and Services” by 1.8%, “Furniture and Household Equipment” by 1.4%, and “Clothing and Footwear” by 0.2%. Also, there has been a decrease in price levels in six groups, namely: “Restaurants and Hotels” by 2.5%, “Recreation and Culture” by 1.7%, “Food and Beverages” by 0.5%, “Housing, Water, Electricity and other Fuel” by 0.4%, “Health” by 0.2%, and “Communication” by 0.1%. For “Tobacco” group, there is no changes recorded. Table (1) and Graph (3) shows the monthly and annual comparison for CPI of February 2017, also graph (4) shows a monthly and an annual change in CPI during February 2016 to February 2017.

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