Consumer Price Index (CPI) Monthly October 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 increases from Sep to Oct 2017. The figures shows that all CPI items was 98.3 percent in Sep 2017 and it increases to 99.1 percent in Oct 2017. According to Food items was 99.5 percent in Sep which changed to 99.1 percent in Oct. while Non-food items was 97.9 percent in Sep and it became 99.1 percent in Oct 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 0.83 percent in Oct 2017, up from -0.53 percent in Sep 2017. The inflation rate for food items was 2.4 percent in Sep and it slow-down to -0.35 percent in Oct while non-food items was -1.4 percent in Sep and it increases to 1.19 percent in Oct and it indicates that there is a big change for monthly inflation rate in food items than all CPI and non-food items.

CPI Monthly Distributed

CPI Report in Oct 2017