- 0.33% monthly increase on CPI of September 2024.
- 0.82% annual increase on CPI of September 2024, compared with September 2023.
The National Planning Council has released the Consumer Price Index (CPI) for the month of September 2024. The CPI of September 2024 reached 107.82 points showing an increase of 0.33% when compared to CPI of August 2024. Compared to CPI of September 2023, [Y-o-Y] basis, an increase of 0.82% has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of September 2024, with the previous month August 2024 (Monthly change), it is found that, there were seven groups increased, three groups decreased, and two groups remained unchanged.
The groups showed increased as follows: “Recreation and Culture" by 3.15% “Education" by 1.31%, “Miscellaneous Goods and Services" by 1.09%, “Clothing and Footwear" by 0.90%, “Restaurants and Hotels" by 0.26%, “Communication" by 0.21%, and “Furniture and Household Equipment" by 0.08%.
A decrease has been recorded in “Food and Beverages" by 0.99%, “Transport" by 0.75%, and “Housing, Water, Electricity and other Fuel" by 0.44%. “Tobacco", “Health" remained flat at the last month's price level.
A comparison of the CPI, September 2024 with the CPI, September 2023 (Annual Change), an increase has been recorded in the general index (CPI) by 0.82%. This [Y-o-Y] price increase is primary due to the prices rising in five groups namely: “Recreation and Culture" by 12.57%, “Miscellaneous Goods and Services" 6.24%, “Communication" by 3.96%, and “Restaurants and Hotels" by 2.74, “Education" by 1.04%.
A decrease has been shown in price levels in “Housing, Water, Electricity and other Fuel' by 4.17%, “Food and Beverages" by 3.3%. “Health" by 1.63%, “Furniture and Household Equipment" by 1.52%, “Clothing and Footwear" by 1.26%, and Transport" by 0.34%. No changes recorded on “Tobacco".
The CPI of September 2024 excluding “Housing, Water, Electricity and other Fuel" group stands at 112.07points, recorded an increase of 0.49% when compared to the index of August 2024. Compared with its counterpart in 2023, the CPI of September index increased by 2.00%.
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