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CPI QUARTERLY MOVEMENT - QUARTER 4    2018 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of December 2018 indicated an increase of (+0.2 %). Port Vila slightly increased by (+0.3%) and Luganville increased by (+0.1%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Miscellaneous at (+1.1%), Clothing and Footwear at (+0.8%), Transportation at (+0.5%), Food and Housing Utilities at (+0.2%) respectively and Recreation at (+0.1%). Health, Communication and Education correspondingly remained constant. However, the groups that contributed to the decrease in price movement was Household Supplies at (-0.2%) and Alcoholic drinks and Tobacco at (-0.1%). The main contributor in prices was due to the increase in price movements of purchasing of personal care products, Woman and children's clothing and footwear, automotive fuel (petrol and Diesel) and oil for motor vehicles in both regions.

CPI ANNUAL MOVEMENT

When compared to the December quarter of 2017, the Vanuatu index increased by (+1.9%), Port Vila index increased by (+2.3%) while Luganville index slightly increased by (+0.2%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Recreation at (+5.1%), Housing Supplies at (+4.4%), Food at (+3.1%), Drinks and Tobacco at (+2.8%), Clothing and Footwear and Miscellaneous at (+2.0%) respectively, Health at (+1.9%), Housing and Utilities at (+1.7%) and Transport at (+1.4%). The increase in these expenditure groups were driven by the increase in price movements of sports membership fee, Housing Furniture's, Root crops, Fruits and Vegetables, Wines and Spirits, Woman and men's business shoes, toiletries and other personal care products and Automotive fuel. However, Communication remained constant while School fees showed a negative impact over the same quarter of previous year due to government subsidy.


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 2018, underlying inflation increased by (+0.5 %) over the previous quarter, and increased by (+1.7%) over the same quarter of 2017.

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