The Consumer Price Index, which stood at 103.4 in June 2013, registered a net increase of 0.1 point (or 0.1%) to reach 103.5 in September 2013.
The main reasons for the net increase in the CPI from June to September 2013 were:
- higher prices of milk and some other food products;
- higher prices for ready-made clothing;
- higher bus fares;
- higher MBC TV licence fee;
- lower prices of vegetables;
- lower prices of motor vehicles.
The headline inflation rate for the twelve months ending September 2013 works out to 3.5% compared to 4.4% for the twelve months ending September 2012.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' for the twelve months ending September 2013 works out to 2.4% compared to 3.0% for the twelve months ending September 2012.
Ministry of Finance and Economic Development
15 October 2013