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MDPS Releases Consumer Price Index for April
May 15, 2017
The Ministry of Development Planning & Statistics (MDPS) has
released the Consumer Price Index (CPI) for the month of April
2017. The CPI of April, 2017 reached to 108.4 (base year is
2013) showing a decrease by 0.2%, when compared to CPI of March,
2017. Compared to CPI of April, 2016, [Y-o-Y basis] of 0.6%
increase has been recorded in the general index (CPI) of this
month.
An analysis [on M-o-M basis] of
CPI for April, 2017 compared with March, 2017 CPI, shows that
there are four main groups, where respective indices in this
month have decreased, namely: "Restaurants and Hotels "by 0.9%,
"Recreation and Culture" by 0.8%, "Housing, Water, Electricity
and other Fuel" by 0.6%, and "Communication" by 0.1%. An
increase in prices is also noticed in "Health" by 1.9%,
"Miscellaneous Goods and Services" by 0.6%, "Food and Beverages"
by 0.5%, "Transport" by 0.3%, and "Clothing and Footwear" by
0.2%. The other groups: "Tobacco", "Furniture and Household
Equipment" and "Education" have remained flat at the last
month’s price level.
A comparison of the CPI, April,
2017 with the CPI, April, 2016 (Annual Change), points a rise in
the general index (CPI), by 0.6%. This [Y-o-Y] price surge is
primarily due to the increasing prices seen in the six groups,
namely: "Transport" by 8.4%", "Education" by 3.0%, "Health" by
2.6%, "Miscellaneous Goods and Services" and "Furniture and
Household Equipment" by 1.4% each, and "Clothing and Footwear"
by 0.2%. Also, there has been a decrease in price levels in five
groups, namely: "Restaurants and Hotels" by 2.7%, "Recreation
and Culture" by 2.6%, "Housing, Water, Electricity and other
Fuel" by 1.5%, "Food and Beverages" by 1.3%, "Communication" by
0.1%. No changes recorded in "Tobacco" group.
The CPI of April, 2017 excluding
"Housing, Water, Electricity and other Fuel" group stands at
107.0, showing stability when compared to the index of March
2017, and an increase of 1.3% when compared to the CPI of April
2016.
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