Consumer Price Index (CPI) March 2018

Consumer Price Index (CPI) March 2018

The Consumer Price Index was 98.2% in Feb 2018 and it has increased to 100.5% in March 2018. Similarly, the Consumer Price Index for food items increased 0.5% in March compared to February 2018.  While the Consumer Price Index for non-food items has increased 2.8% in March compared to February 2018. In general, Table 1 shows that all Consumer Price Index items increased from February 2018 to March 2018.

Inflation Rate

The monthly inflation rate for all items is 2.3 percent in March 2018, up from -2.5 percent in Feb 2018. The inflation rate for food items was 1.3 percent in Feb and it decreased to 0.5 percent in March while non-food items was -3.5 percent in Feb and it changed to 2.9 percent in March. It indicates that there is a big change for monthly inflation rate in non-food items than food and all items.

Consumer Price Index is obtained by comparing through time, the cost of a fixed basket of commodities purchased by consumers. Since the basket contains commodities of unchanging or equivalent quantity and quality, the index reflects only pure price movements. Price movements of the goods and services represented in the Consumer Price Index are  weighted  according  to  the  relative  importance  of  commodities  in  the  total  expenditures  of consumers.

 

CPI Monthly Distributed

CPI Report in March 2018