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 Consumer Price Index Latest News



The Consumer Price Index (CPI) of June 2019 indicated an increase of (+0.7%). Port Vila slightly increased by(+0.7%)and Luganville by (+0.1%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Food (+1.7%), Recreation (+0.9%) and Housing Supplies (+0.1%). Drinks and Tobacco, Health, Communication, and Education, respectively remain constant. However, the groups that contributed to the decrease in price movement were Housing Utilities (-0.9%), Miscellaneous (-0.7%), Transport (-0.2%) and Clothing and Footwear (-0.1%). The main contributor in prices was due to the increase in price movements of Fruits and Vegetables, Furniture, towels and linens in both region,and visual entertainment equipment in Port Vila.


When compared to the June quarter of 2018, the Vanuatu index increased by (+2.3%), Port Vila index increased by (+2.7%) 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(+4.6%), Transport (+1.8%), Miscellaneous (+1.7%), Recreation (+1.3%), Drinks and Tobacco, Clothing and Footwear and Communication stood at (+0.5%) respectively, Education and Housing Supplies at(+0.4%) each and Housing Utilities (+0.3%). The increase in these expenditure groups were driven by the increase in price movements of Root crops, Fruits and Vegetables, Automatic Fuel and oil, Toiletries and other personal care products, Sports Membership fees, Packet cigarettes, Island dress, Mobile phones, Furniture and Furnishes,School fees and Electricity supply charges.

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 2019, underlying inflation decreased by (-0.3%) over the previous quarter and increased by (+0.7%) over the same quarter of 2018.



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