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 Consumer Price Index Latest News

CPI QUARTERLY MOVEMENT - QUARTER 4  2019 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of December, 2019 indicated an increase of (+0.6%). Port Vila slightly increased by (+1.0%), however, Luganville decrease by (-1.0%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Food (+1.4%), Clothing and Footwear (+0.6%), Housing and Utilities (+0.4%), and Health (+0.1%).Transport, Communication and Education correspond remain constant. However, the group that contributed to the decrease in price movement was Miscellaneous (-1.0%), Housing Supplies (-0.5%), and Recreation (-0.4%) and Drinks and Tobacco (-0.1%). The main contributor in prices was due to the increase in price movements of Root crops, Fruits and Vegetables, Firewood, Business shoes and Medical supplies in Port Vila.

 

CPI ANNUAL MOVEMENT

When compared to the December quarter of 2018, the Vanuatu index increased by (+3.4%), Port Vila index increased by (+3.9%) while Luganville index slightly increased by (+0.6%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+7.2%), Transport (+1.0%), Communication (+0.8%), Housing Utilities and Recreation contributed at (+0.7%) each, Household Supplies and Drinks and Tobacco at (+0.6%) respectively, and Education (+0.4%), Miscellaneous remain constant. The increase in these expenditure groups were driven by the increase in price movements of Root crops, Fruits and Vegetables, Automatic Fuel and Mobile phones, Electricity supply charges, Sports Membership fees, Furniture and Furnishes, Tobacco, School fees However, Clothing and Footwear decreased at (-0.5%).

Fig 2


Underlying  Inflation 

'Underlying inflation' is a measure derived from the CPI excluding items which typically have unstable or volatile prices; because of things like seasonal variation or policy decisions. In December quarter of 2019, underlying inflation increased by (+0.1%) over the previous quarter and increased by (+0.5%) over the same quarter of 2018.

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