CPI News

^{CPI QUARTERLY MOVEMENT}

The Consumer Price Index (CPI) of June, 2021 indicated an increase of (+0.1%). Port Vila increased by (+0.3%) however, Luganville decreased by (-1.3%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Transport (+0.9%), Clothing and Footwear, and Miscellaneous contributed at (+0.4%) respectively, Housing Utilities (+0.3%). Food and Recreation also contributed at (+0.1%) each, while Drinks and Tobacco and Education remain constant. However, the group that decrease in price were Communication at (-1.4%), Health (-0.8%) and Housing Supplies (-0.7%). The increase in price movement was driven by price changes in automotive oil and fuel in both region, women and children clothing, personal accessories electricity connection fees and supply charges in Port Vila. Price changes in Luganville indicate price decrease for mobile prepaid cards and electricity supply charges.

 ^{CPI ANNUAL MOVEMENT}

When compared to the June quarter of 2020, the Vanuatu index increased by (+2.4 %), Port Vila index increased by (+2.9%) while Luganville index slightly decreased by (-0.6%). At national level the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+4.7%), Drinks and Tobacco (+3.9%), Transportation contributed (+3.2%), Recreation (+1.8%), Miscellaneous also contributed (+0.4%), and Education (+0.3%) The increase in these expenditure groups were driven by the increase in price movements of Root crops, Fruits and Vegetables, prescription medical drugs and Tobacco, and automotive oil and fuel.

^{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 2021 underlying inflation increased by (-0.7%) over the previous quarter and decreased by (-1.1%) over the same quarter of 2020.

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