The Consumer Price Index, which stood at 106.8 in June 2014, registered a net decrease of 0.3 point (or -0.3%) to reach 106.5 in September 2014. The main reasons for the net decrease in the CPI from June to September 2014 were:
- lower prices of vegetables;
- lower prices of some other food products;
- lower prices of gasolene;
partly offset by
- higher prices of motor vehicles;
- higher prices of some other goods and services.
The headline inflation rate for the twelve months ending September 2014 works out to 3.9% compared to 3.5% for the twelve months ending September 2013.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' for the twelve months ending September 2014 works out to 3.4% compared to 2.4% for the twelve months ending September 2013.
Ministry of Finance and Economic Development
14 October 2014