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CPI QUARTERLY MOVEMENT - QUARTER 3  2019 

fig1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of September 2019 indicated an increase of (+1.2%). Port Vila slightly increased by (+1.2%) and Luganville by (+1.2%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Food (+2.5%), Housing Supplies (+0.8%),Communication (+0.5%), Housing Utilities, Transport and Miscellaneous at (+0.1%) respectively.Drinks and Tobacco, Health, Recreation and Education correspond remain constant. However, the only group that contributed to the decrease in price movement was Clothing and Footwear(-0.4%). The main contributor in prices was due to the increase in price movements of Root crops, Fruits and Vegetables, in both regions. Furniture, household utensils, and mobile phones in Port Vila. Household repair and maintenance material in Luganville also contributed to the increase in price.

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CPI ANNUAL MOVEMENT

When compared to the September quarter of 2018, the Vanuatu index increased by (+2.9%), Port Vila index increased by (+3.2%) while Luganville index slightly increased by (+1.6%). At national level,the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+6.0%), Miscellaneous (+2.1%), Transport (+1.5%), Recreation (+1.2%), Household Supplies (+1.0%), Communication (+0.8%), Drinks and Tobacco (+0.6%), Housing Utilities (+0.5%), and Education (+0.4%). The increase in these expenditure groups were driven by the increase in price movements of Root crops, Fruits and Vegetables, Toiletries and other personal care products, Automatic Fuel and oil, Sports Membership fees, Packet cigarettes, Island dress, Mobile phones, Furniture and Furnishes, School fees and Electricity supply charges. However, Health and Clothing and Footwear decreased at (-0.7) and (-0.4) respectively.

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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 2019, underlying inflation increased by (-0.4%) over the previous quarter and increased by (+1.0%) over the same quarter of 2018.

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