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CPI QUARTERLY MOVEMENT - QUARTER 2    2017 

Fig 1CPI QUARTERLY MOVEMENT

The Consumer Price Index (CPI) of June, 2017 indicated an increase of (+1.3 %). Port Vila increased by (+1.4%) and Luganville increased slightly by (+1.0%), compared to the previous quarter. The expenditure group that contributed to the increase in the CPI were: Transport (+2.5%), Food (+2.4%), Housing Utilities (+0.8%), Clothing & Footwear, Health and Miscellaneous contributed (+0.3%) respectively, and Health (+0.1%). However, Drink & tobacco, Communication and Education remain constant. Other only remaining group that contributed to the decrease in was Recreation (-1.1%).

The main contributor in prices was due to the increases in price movements of purchasing of airline tickets, fruits and vegetables, in both regions and electricity supply charges in Port Vila. However, the sub group that showed negative impact on the price movements was the purchasing of repair to visual equipment and pets food.

CPI ANNUAL MOVEMENT

When compared to the June quarter of 2016, the Vanuatu index increased by (+2.7%), Port Vila index increased by (+4.0%) and Luganville index slightly increased by (1.0%). At national level, the expenditure groups that contributed to the increase over the same quarter of last year were: Food (+7.3%), Transport (+5.7%) Education (+3.2%), Household Supplies (+0.7%), Health and Housing Utilities (+0.2%) respectively and Drinks and Tabaco (+0.1%).

The increases in these expenditure groups were the result of increases in price movements of purchasing of international airline tickets , Fruits and Vegetables, and School Fees While the other groups that shows negative impact were Communication (-3.3%), Miscellaneous (-2.0%), Recreation (-1.8%), Clothing and Footwear(-0.1%).


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 June quarter of 2017, underlying inflation increased by (+0.9 %) over the previous quarter, and remain constant over the same quarter of 2016.

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