The Consumer Price Index, which stood at 103.5 in September 2013, registered a net increase of 1.8 points (or 1.7%) to reach 105.3 in December 2013.
The main reasons for the net increase in the CPI from September to December 2013 were:
- higher prices of milk and vegetables;
- higher prices for cigarettes and alcoholic beverages;
- higher prices for ready-made clothing and footwear;
- higher doctors’ fees;
- higher prices of motor vehicles;
- higher prices for air tickets;
partly offset by
- lower prices of some food products like traders’ rice, fish, frozen semi prepared food and cooking oil.
The headline inflation rate was 3.5% for year 2013 compared to 3.9% for year 2012.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' was 2.5% for year 2013 compared to 2.6% for year 2012.
Ministry of Finance and Economic Development
15 January 2014