Page Content
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of February 2015, with a new base of 2013. The CPI of February, 2015 is estimated at 103.9 showing an increase of 0.1%, when compared to January 2015.
In the new CPI, the Classification of Individual Consumption According to Purpose (CIOCOP) has been used, which divides the prices basket to twelve main groups, starting with “Food and beverages” group, and to ending up with “Miscellaneous goods and Services”. More than 1100 number of commodities and services have been covered in all the groups. While comparing the cost of living from an earlier base, some changes have been seen in the consumption pattern* (Refer Table 3).
The increase of CPI of February, 2015 by 0.1% when compared to CPI of January 2015. Shows increases in four major groups:
- Housing, Water and Electricity by 0.74%.- Clothing and Footwear by 0.49%.- Furnishing and Household equipment by 0.38%.- Food and Beverages by 0.2%.
A decrease was observed in three major groups:- Transportation by 0.93%.- Miscellaneous goods and Services by 0.4%.- Restaurant and Hotels by 0.1%.
In addition, there are five major groups without any changes:- Tobacco.- Medical Services.- Recreation and Culture.- Communications.- Education
The CPI of February 2015, excluding “Housing, water, electricity, gas and other fuels” group stands at 102.4, showing a decrease of 0.1% compared to January 2015.
More detailed data on CPI is available on: QLAM website For more details
_____________________________________________________________________
* New revised data in January 2015