1st Quarter 2015
The Consumer Price Index, which stood at 105.5 in December 2014, registered a net increase of 4.6 points (or 4.4%) to reach 110.1 in March 2015.
The main reasons for the net increase in the CPI from December 2014 to March 2015 were:
- higher prices of vegetables;
- higher doctors’ fees;
- higher prices of motor vehicles;
- higher prices of some other goods and services;
partly offset by
- lower prices of milk;
- lower prices of air tickets and internet fees.
The headline inflation rate for the twelve months ending March 2015 works out to 2.4% compared to 4.0% for the twelve months ending March 2014.
The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ for the twelve months ending March 2015 works out to 2.2% compared to 3.1% for the twelve months ending March 2014.
Ministry of Finance and Economic Development
15 April 2015