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Consumer Price Index - Year 2019
The Consumer Price Index, which stood at 102.4 in December 2018, registered a net increase of 0.9 point (or 0.9%) to reach 103.3 in December 2019. The main reasons for the net increase in CPI during the year 2019 were:
- higher prices for vegetables, fruits, milk, meat, and some other food products;
- higher prices of ready-made clothing;
- higher prices of motor vehicles and air tickets;
- higher prices for prepared foods; and
- higher prices of some other goods and services;
partly offset by
- lower prices of cooking gas;
- lower prices of gasolene and diesel; and
- lower university fees.
The headline inflation rate decreased from 3.2% in year 2018 to 0.5% in year 2019.
The headline inflation rate excluding 'Alcoholic beverages and tobacco' decreased from 3.1% in year 2018 to 0.4% in year 2019.
Ministry of Finance, Economic Planning and Development
16 January 2020