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Consumer Price Index - 1st Quarter 2020
Consumer Price Index, which stood at 103.3 in December 2019, registered a net increase of 4.1 points (or 4.0%) to reach 107.4 in March 2020.
The main contributors for the net increase in CPI from December 2019 to March 2020 were:
higher prices of vegetables (+2.7 points), traders’ rice (+0.1 point), culinary herbs (+0.1 point), fruits (+0.1 point), ginger (+0.1 point), powdered milk (+0.1 point), and some other food products (+0.2 point);
higher prices of whisky (+0.1 point);
higher workman’s wages (+0.1 point);
higher prices of washing materials and softeners (+0.1 point);
higher prices of goods for personal care (+0.1 point); and
higher prices of some other goods and services (+0.4 point);
partly offset by
lower prices of air tickets (-0.1 point).
The headline inflation rate for the twelve months ending March 2020 works out to 1.2%, compared to 1.4% for the twelve months ending March 2019.
The headline inflation rate excluding “Alcoholic beverages and tobacco” for the twelve months ending March 2020 works out to 1.2% compared to 1.4% for the twelve months ending March 2019.
Ministry of Finance and Economic Development
5 May 2020