1. The Consumer Price Index, which stood at 109.4 in December 2016, registered a net increase of 3.1 points (or 2.8%) to reach 112.5 in March 2017.
2. The main reasons for the net increase in the CPI from December 2016 to March 2017 were:
- higher prices of vegetables, traders’ rice, milk, fruits and some other food products
- higher prices of ready-made clothing;
- increases in doctors’ and clinical fees;
- higher prices of gasolene and diesel;
- higher tuition fees;
- higher prices of goods for personal care;
- higher prices of some other goods and services;
- partly offset by
- lower prices of air tickets.
3. The headline inflation rate for the twelve months ending March 2017 works out to 1.3% compared to 0.9% for the twelve months ending March 2016.
4. The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ for the twelve months ending March 2017 works out to 0.2% compared to 0.7% for the twelve months ending March 2016.
Ministry of Finance and Economic Development
14 April 2017