CONSUMER PRICE INDEX
2nd Quarter 2015
The Consumer Price Index, which stood at 110.1 in March 2015, registered a net decrease of 2.9 points (or 2.6%) to reach 107.2 in June 2015.
The main reasons for the net decrease in the CPI from March to June 2015 were:
- lower prices of vegetables;
- lower interest rates on housing loan;
- lower prices of air tickets;
partly offset by
- higher prices of fish, fruits, meat, trader’s rice and other food products ;
- higher prices of cigarettes, furniture, motor vehicles and some other goods and services.
The headline inflation rate for the twelve months ending June 2015 works out to 1.7% compared to 4.0% for the twelve months ending June 2014.
The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ for the twelve months ending June 2015 works out to 1.7% compared to 3.3% for the twelve months ending June 2014.
Ministry of Finance and Economic Development
15 July 2015