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Consumer Price Index - 3^rd Qu​arter 2022 

Highlights

​1. The Consumer Price Index, whi​​ch stood at 122.1 in June 2022, registered a net increase of 2.9 points (or 2.4%) to reach 125.0 in September 2022.

 

 2. The main contributors for the net increase in CPI from June 2022 to September 2022 were:

​​​ ​  - higher prices of cooking oil (+0.7 point), powdered milk (+0.5 point), meat (+0.4 point), trader's rice (+0.1 point), fish (+0.1 point), some frozen semi-prepared foods (+0.1 point), pulses (+0.1 point) and some other food products (+0.1 point), partly offset by lower prices of culinary herbs (-0.1 point);

   - higher prices of cigarettes (+0.1 point), beer and stout (+0.1 point) and, rum and other cane spirits (+0.1 point), partly offset by lower prices of whisky (-0.1 point);

   - higher prices of ready-made clothing (+0.1 point);

​   - higher prices of washing materials and softeners (+0.1 point);

   - higher prices of prepared foods (+0.2 point) and, cakes and snacks (+0.1 point), and;

   - higher prices of some other goods and services (+0.2 point);

 

3. The headline inflation rate for the twelve months ending September 2022 worked out to 9.4%, compared to 3.2% for the twelve months ending September 2021.

 

4. The headline inflation rate excluding “Alcoholic beverages and tobacco" for the twelve months ending September 2022 worked out to 9.3%, compared to 3.0% for the twelve months ending September 2021.

 

5. On the basis of past trends, recent market conditions and price changes, the headline inflation rate for calendar year 2022 is forecasted at around 10.7%, compared to 4.0% in 2021.

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