1. The Consumer Price Index, which stood at 114.0 in December 2017, registered a net increase of 6.0 points (or 5.3%) to reach 120.0 in March 2018.
2. The main contributors for the net increase in the CPI from December 2017 to March 2018 were:
- higher prices of vegetables, fruits and some other food products;
- higher charges for domestic services;
- increase in doctor’s fees;
- higher prices of gasolene;
- higher secondary tuition fees;
- higher prices of some other goods and services;
partly offset by
- lower prices of motor vehicles and air tickets.
3. The headline inflation rate for the twelve months ending March 2018 works out to 5.0% compared to 1.3% for the twelve months ending March 2017.
4. The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ for the twelve months ending March 2018 works out to 4.0% compared to 0.4% for the twelve months ending March 2017.
Ministry of Finance and Economic Development
13 April 2018