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CPI QUARTERLY MOVEMENT - QUARTER 3    2018 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of September 2018 indicated an increase of (+0.6 %). Port Vila slightly increased by (+0.6%) and Luganville increase by (+0.1%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Food (+1.1%), Clothing and Footwear (+0.5%), Transportation at (+0.4%), Household Supplies (+0.3%), Communication (+0.2%) and Recreation (+0.1%). Health and education respectively remain constant. However, the group that contributed to the decrease in price movement was Miscellaneous (-0.3%), Drinks and Tobacco and Housing Utility (-0.1%) each. The main contributor in prices was due to the increase in price movements of purchasing of Root crops, Fruits and Vegetables , Woman and children's clothing and footwear in both regions and Furniture and furnishings, in Port Vila.

 

CPI ANNUAL MOVEMENT

When compared to the September quarter of 2017, the Vanuatu index increased by (+1.7%), Port Vila index increased by (+2.2%) while Luganville index slightly decreased by (-1.0%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Household Supplies (+4.6%), Recreation (+4.1%), Food (+3.3%), Drinks and Tobacco (+2.8%), Clothing and Footwear (+2.0%), Health (+1.9%), Transport(+1.7%), Miscellaneous (+1.2%), The increases in these expenditure groups were the result of increases in price movements of Housing Furniture's, Motels, Root crops, Fruits and Vegetables, Wines and Spirits , Woman and men's business shoes. Communication remain constant and the other groups that shows negative impact were Education (- 11.1%).


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 2018, underlying inflation increased by (+0.2 %) over the previous quarter, and increased by (+1.1%) over the same quarter of 2017.

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