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CPI QUARTERLY MOVEMENT - QUARTER 1    2018 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of March, 2018 indicated an increase of (+0.7 %). Port Vila slightly increased by (+0.9%) while Luganville slightly decrease by (-0.3%), compared to the previous quarter. The expenditure group that contributed to the increase in the CPI were: Recreation (+4.6%), Housing supplies (+4.1%), Drinks & Tobacco (+2.8%), Miscellaneous (+1.4%), Housing Utilities and Health contributed (+1.2%) respectively. Food (+0.8%), and again Clothing and Footwear and Transport (+0.5%) each, However, the only group that contributed to the decrease in price movement was Education (-11.1%) .The main contributor in prices was due to the increases in price movements of purchasing of, Visual entertainment equipment and accommodation, Household furniture's, wine and spirits, rent house/Flat, and other hospital fees in both region.

All expenditure groups shows increase of 2.5% vat (12.5%-15%) in price movement of all goods and services in the country. However, education shows negative price movement for which it indicates the impact of government subsidy or grant for school fees in preschool, primary and secondary government schools as well as schools assisted by the government.

 

CPI ANNUAL MOVEMENT

When compared to the March quarter of 2017, the Vanuatu index increased by (+3.2%), Port Vila index increased by (+3.8%) and Luganville index slightly decreased by (-0.1%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+5.8%) Household Supplies and Transport (+4.4%) each, Drinks and Tobacco (+2.8%), Housing Utilities (+2.4%), Recreation (+2.1%), Miscellaneous (+2.0%), Clothing and Footwear (+1.4%), Health (+1.3%) and Communication (+0.3%).The increases in these expenditure groups were the result of increases in price movements of , Root crops, Fruits and Vegetables, Housing Furniture's and purchasing and hiring of motor vehicle, and International airline tickets, Wines and Spirits .While 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 March quarter of 2018, underlying inflation increased by (1.0 %) over the previous quarter, and increased by (+2.0%) over the same quarter of 2018.

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