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 Consumer Price Index Latest News



The Consumer Price Index (CPI) of September, 2017 indicated an increase of (+1.2 %). Port Vila increased by (+1.4%) and Luganville increased slightly by (+0.4%), compared to the previous quarter. The expenditure group that contributed to the increase in the CPI were: Food (+2.1%), Housing Utilities (+1.5%), Transport (+0.5%), Miscellaneous Drinks and Tobacco contributed (+0.1%) respectively, Housing Supplies, Health, Education and Communication remain constant. However, group that contributed to the decrease in price movement was Recreation (-0.5%) and Clothing and Footwear (-0.2%).

The main contributor in prices was due to the increases in price movements of purchasing of root crops, fruits and vegetables, in both regions and electricity supply charges in Port Vila and busfare charges in Luganvillie. In 4th quarter period of 2008 to first quarter period of 2009, there was an increase of (+0.5%) over quarter due to contributing share of busfare in Transportion in Port Vila. The sub group that showed negative impact on the price movements was the purchasing of visual equipment and women's clothing in Luganvillie.



When compared to the September quarter of 2016, the Vanuatu index increased by (+3.5%), Port Vila index increased by (+4.0%) and Luganville index slightly increased by (1.1%).At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+7.1%), Transport (+5.6%) Education (+3.2%), Housing Utilities (+1.5%) Household Supplies (+0.7%), and Health (+0.2%).

The increases in these expenditure groups were the result of increases in price movements of , Root crops, Fruits and Vegetables, charge of petroleum per litre and School Fees While the other groups that shows negative impact were Communication (-.3.2%), Recreation (-2.2%), Miscellaneous (-2.0%) Clothing and Footwear(-0.5%).

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 September quarter of 2017, underlying inflation increased by (+0.2 %) over the previous quarter, and (+0.4%) over the same quarter of 2016.



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