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1. The Consumer Price Index, which stood at 107.4 in March 2020, registered a net decrease of 2.2 points (or 2.1%) to reach 105.2 in June 2020. The main reasons for the net decrease in the CPI from March to June 2020 were:
- lower prices of vegetables (-2.7 points), fruits (-0.1 point) and culinary herbs (-0.1 point);
- lower interest rates on housing loan (-0.3 point);
- price decreases of cooking gas (-0.1 point) following 2020/21 budget;
partly offset by
- higher prices of powdered milk (+0.2 point), other goods and services (+0.4 point), meat (+0.1 point), traders' rice (+0.1 point), fish (+0.1 point), pulses (+0.1 point) and some other food products (+0.1 point).
2. The headline inflation rate for the twelve months ending June 2020 works out to 1.8%, compared to 1.0% for the twelve months ending June 2019.
3. The headline inflation rate excluding “Alcoholic beverages and tobacco" for the twelve months ending June 2020 works out to 1.9% compared to 1.1% for the twelve months ending June 2019.
Ministry of Finance and Economic Development
14 July 2020