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Consumer Price Index


Consumer Price Index

COMMENTARY
 
Section 1: Headline Inflation
 
The annual inflation rate in April 2016 was 2.8 percent, a decline of 0.2 of a percentage point on the March
rate of 3.0 percent. Annual inflation in April 2016 recorded the same rate as in the similar month of 2015.
The inflation rates for regions between March 2016 and April 2016 showed that Cities & Towns went down to
2.6 percent from 3.1 percent while Rural Villages’ and Urban Villages’ remained unchanged at 2.7 and 3.2
percent respectively.
 
The April national Consumer Price index rose from 184.9 in March to 186.5 in April 2016, an increase of 0.9
percent. The Cities & Towns’ index realized an increase of 1.0 percent, moving from 183.0 to 184.8. The Urban
Villages’ index’ went up by 0.8 percent, advancing from 184.0 in March to 185.5 in April, while Rural Villages
index registered an increase of 0.7 percent, moving from 191.0 to 192.3 between the two months.
Group indices were generally stable between March and April 2016, recording changes of less than 1.0
percent, except Miscellaneous Goods & Services which recorded 6.5 percent.
 
The Miscellaneous Goods & Services group index recorded an increase of 6.5 percent, from 149.6 in March
to 159.3 in April. This was due to the increase of the constituent section indices of Insurance (9.5 percent) and
Taxes Licenses, Fees (0.7 Percent).
 
The Food & Non-Alcoholic Beverages group index went up from 200.4 to 202.0, registering an increase of 0.8
percent between March and April. The rise was due to the increase in the section indices, notably; Fruits (3.5
percent), Vegetables (3.4 percent), Bread & Cereals (0.8 percent) and Meat (Fresh, Chilled &Frozen) (0.7
percent).
 
The Alcoholic Beverages, Tobacco & Narcotics group index went up from 264.6 to 266.1, recording an
increase of 0.6 percent between March and April. The rise was attributed to the general increase in the
section indices especially; Tobacco which recorded an increase of 1.8 percent.
 
All-Tradable inflation rate was 1.4 percent in April, a rise of 0.1 of a percentage point on the March rate of
1.3 percent. The Non-Tradable inflation rate dropped from 7.3 percent to 6.1 percent between March and
April. The Domestic Tradable inflation recorded a rate of 2.3 percent compared to 2.1 percent in March. The
Imported Tradable inflation rate increased from 0.8 percent to 0.9 percent between the two periods.
 
All-Tradable index moved from 188.4 in March to 189.3 in April registering a rise of 0.5 percent. The Non-
Tradable index advanced from 175.5 in March to 178.7 in April, registering an increase of 1.8 percent. The
Domestic Tradable index went up by 0.6 percent moving from 211.1 to 212.4 between the two periods, while
the Imported Tradable index moved from 176.7 in March to177.4 in April, recording a rise of 0.4 percent.

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