1. The Consumer Price Index, which stood at 105.5 in December 2014, registered a net increase of 1.4 points (or 1.3%) to reach 106.9 in December 2015.
2. The main reasons for the net increase in the CPI during the year 2015 were:
higher prices for vegetables, fruits, meat, fish, pulses and some other food products;
higher prices of cigarettes;
higher prices of ready made clothing;
higher doctors’ fees;
higher prices of motor vehicles;
higher fees for private TV subscription;
higher prices of books and newspapers;
higher prices of some other goods and services;
partly offset by
lower prices of traders’ rice and milk;
lower prices of gasolene, diesel and air tickets;
lower interest on housing loan and
lower mobile phone charges.
3. The headline inflation rate was 1.3% for year 2015 compared to 3.2% for year 2014.
4. The headline inflation rate excluding 'Alcoholic beverages and tobacco' was 1.2% for year 2015 compared to 2.9% for year 2014.
Ministry of Finance and Economic Development
15 January 2016