CONSUMER PRICE INDEX
2nd Quarter 2014
The Consumer Price Index, which stood at 107.7 in March 2014, registered a net decrease of 0.9 point (or -0.8%) to reach 106.8 in June 2014.The main reasons for the net decrease in the CPI from March 2014 to June 2014 were:
- lower prices of vegetables;
partly offset by
- higher prices of fruits, fish and some other food products.
The headline inflation rate for the twelve months ending June 2014 works out to 4.0% compared to 3.6% for the twelve months ending June 2013.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' for the twelve months ending June 2014 works out to 3.3% compared to 2.5% for the twelve months ending June 2013.
Ministry of Finance and Economic Development
16 July 2014