Perishable food items bring about a decline in CPI for September

October 2, 2018 (MLN): During the month of September 2018, Perishable food items have been the major contributor in weighing down CPI by 0.06% on a month-on-month basis, revealed the official data released by PBS on yearly inflation.

During the month, perishable food items which hold 4.99% weightage in the Food & Non-alcoholic Beverage group, recorded a decline of 4.31% in prices on a month-on-month (MoM) basis and 12.39% on year-on-year basis (YoY).

On the other hand, Non-perishable food items drove the CPI up by 5.12% YoY, with a year-on-year increase of 3.95% in prices.

On the whole, Food & Non-alcoholic Beverage group decreased by 0.75%, MoM but hiked up by 1.09% YoY.

The second most heavily weighted group, Housing, Water, Electricity, Gas & Fuels recorded a marginal increase of 0.01%, MoM and 5.97%, YoY.

The price of transportation services have gone up by the highest margin, YoY that by 16.76%, while the cost of education takes the second place with a year-on-year increase of 15.14%.

Copyright Mettis Link News