Consumer Price Index (CPI) Monthly December 2017

CPI 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 CPI are  weighted  according  to  the  relative  importance  of  commodities  in  the  total  expenditures  of consumers.

In general, Figure 1 and Table 1 shows that all CPI items decreases from Nov to Dec 2017. The figures shows that all CPI items was 100.7 percent in Nov 2017 and it decreases to 96.2 percent in Dec 2017. According to Food items was 99.9 percent in Nov which changed to 99.2 percent in Dec. while Non-food items was 101 percent in Nov and it became 95.3 percent in Dec respectively. For monthly CPI, it indicates that there is a big change for Non-food items compared to all CPI and food items.

The monthly inflation rate for all CPI items was -4.45 percent in Dec 2017, down from 1.63 percent in Nov 2017. The inflation rate for food items was 0.79 percent in Nov and it slow-down to -0.74 percent in Dec while non-food items was 1.89 percent in Nov and it decreases to -5.56 percent in Dec. It indicates that there is a big change for monthly inflation rate in non-food items than all CPI and food items.

CPI Monthly Distributed

CPI Report in Dec 2017