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CPI QUARTERLY MOVEMENT - QUARTER 1    2019 

Fig 1CPI QUARTERLY MOVEMENT

TThe Consumer Price Index (CPI) of March 2019 indicated an increase of (+0.9%). Port Vila slightly increased by (+1.1%) and Luganville by (+0.3%) compared to the previous quarter. The expenditure groups that contributed to the increase in the CPI were: Food (+1.5%), Transportation (+1.2%),
Housing Utilities (+1.1%), Drinks and Tobacco (+0.6%), Education (+0.4%), Household Supplies and Communication increase at (+0.3%) respectively, Recreation (+0.2%) and Miscellaneous at (+1.6%). However, the groups that contributed to the decrease in price movement were Clothing and Footwear and Health at (-0.3%). The main contributor in prices was due to the increase in price movements of
purchasing of personal care products, Fruits and Vegetables, Purchasing of motor vehicles in both regions and other household fuels in Luganville.

CPI ANNUAL MOVEMENT

When compared to the March quarter of 2018, the Vanuatu index increased by (+2.1%), Port Vila index increased by (+2.4%) while Luganville index slightly increased by (+0.8%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+3.8%), Transport (+2.1%), Housing Utilities (+1.6%), Clothing and Footwear and Recreation stood at (+0.7%) respectively, Drinks and Tobacco and Household Suppliers at (0.6%) each, Education at (+0.4%) and Miscellaneous at (+2.2%). 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 and other household fuel. However, Health and Communication remained constant.


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 2019, underlying inflation increased by (+0.3%) over the previous quarter and also increased by (+1.1%) over the same quarter of 2018.

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