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Consumer Price Index -
3rd Quarter 2021
The Consumer Price Index, which stood at 111.4 in June 2021, registered a net increase of 0.3 point (or 0.3%) to reach 111.7 in September 2021.
The main contributors for the net increase in CPI from June to September 2021 were:
higher prices of meat (+0.1 point) and other food products (+0.1 point);
higher prices of cigarettes (+0.2 point), beer and stout (+0.1 point) and rum and other cane spirits (+0.1 point);
higher prices of gasolene (+0.2 point) and motor vehicles (+0.2 point);
higher university fees in private institutions (+0.2 point), prepared foods (+0.1 point) and some other goods and services (+0.3 point);
partly offset by
lower prices of vegetables (-1.1 points), culinary herbs (-0.1 point) and fish (-0.1 point).
The headline inflation rate for the twelve months ending September 2021 worked out to 3.2%, compared to 1.9% for the twelve months ending September 2020.
The headline inflation rate excluding “Alcoholic beverages and tobacco” for the twelve months ending September 2021 worked out to 3.0%, compared to 2.0% for the twelve months ending September 2020.
On the basis of trends in previous years and recent price changes, the headline inflation rate for calendar year 2021 is forecasted at around 4.0%, compared to 2.5% in 2020.
Ministry of Finance, Economic Planning and Development
14 October 2021