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CPI QUARTERLY MOVEMENT - QUARTER 2    2018 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of June 2018 indicated an increase of (+0.5 %). Port Vila slightly increased by (+0.4%) and Luganville increase by (+0.4%), compared to the previous quarter. The expenditure group that contributed to the increase in the CPI were: Food (+0.9%), Health (+0.7%), Housing Utilities (+0.4%), Housing supplies (+0.3%), Recreation (+0.2%), Drinks & Tobacco, Clothing & Footwear, and Transportation (+0.1%) respectively. However, the group that contributed to the decrease in price movement was Communication (-0.5%) and Miscellaneous (-0.2%). The only group that remains constant is Education. The main contributor in prices was due to the increase in price
movements of purchasing of Root crops, Fruits and Vegetables in Port Vila, prescription medical drugs, Firewood, diesel and Petroleum, in both region and Furniture and furnishings, in Port Vila.

 

CPI ANNUAL MOVEMENT

When compared to the June quarter of 2017, the Vanuatu index increased by (+2.3%), Port Vila index increased by (+2.9%) while Luganville index slightly decreased by (-0.7%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food and Household Supplies (+4.3%), Recreation (+3.4%), Drinks and Tobacco (+2.9%), Housing Utilities (+2.0%), Transport and Health (+1.9%) each, Miscellaneous (+1.5%), and Clothing and Footwear (+1.3%). The increases in these expenditure groups were the result of increases in price movements of Root crops, Fruits and Vegetables, Motels, Wines and Spirits, Housing Furniture's and purchasing and hiring of motor vehicle and International airline tickets. While the other groups that shows negative impact were Education (-11.1%) and Communication (-0.2%).


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 June quarter of 2018, underlying inflation increased by (+0.1 %) over the previous quarter, and increased by (+1.1%) over the same quarter of 2017.

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