The Consumer Price Index, which stood at 105.3 in December 2013, registered a net increase of 0.2 point (or +0.2%) to reach 105.5 in December 2014. The main reasons for the net increase in the CPI during the year 2014 were:
- higher prices for fish, pulses and some other food products;
- higher prices of ready made clothing;
- higher charges for workman’s wages, doctors’ fees and clinic fees;
- higher prices of motor vehicles;
- higher fees for private TV subscription;
- higher prices of text books;
- higher prices for prepared foods;
partly offset by
- lower prices of cooking oil and milk;
- lower prices of gasolene and diesel.
The headline inflation rate was 3.2% for year 2014 compared to 3.5% for year 2013.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' was 2.9% for year 2014 compared to 2.5% for year 2013.
Ministry of Finance and Economic Development
15 January 2015