Consumer Price Index rose by 0.24% in June 2019

Source: Mihaaru

The Consumer Price Index (CPI) for all groups rose by 0.24% in June 2019 compared to the 0.32% registered in May.

According to the recent statistics released by the National Bureau of Statistics the index on all items excluding fish rose by 0.01% in the review month compared to the rise of 0.27% in May 2019.

Additionally, the CPI for all groups rose by 1.59% through the year to June 2019 compared to the rise of 1.54% through the year to May 2019.

The statistics bureau had noted that the most significant price increase for the review month was registered from fish at 2.85% and actual rentals paid by tenants rose by 0.34% while dairy products like milk, cheese and eggs rose by 0.36 percent.

Prices for fish group rose mainly due to the rise in the prices of skipjack tuna (5.64%) and smoked fish (6.71%), however this partially offset by the decrease in price of fish paste (-2.99%) and reef fish (-2.70%).

Tobacco prices rose by 0.20% and other appliances, articles and products for personal care rose by 0.11 percent.

On the opposite hand, the most significant price decrease for the review month was registered from fruit with a price fall of -1.00%, price on meat decreased by -1.16%, fuel and lubricant prices fell by -2.05% while materials for maintenance and repair of the dwelling fell by -0.25 percent.

The CPI rose at all group levels in Male’ by 0.53% and fell at Atolls by -0.02% in June 2019.

The most significant positive contributor to the rise in CPI at Male’ was from fish group which was recorded at 6.81% while the largest negative contributor for the Maldives capital was from clothing and foot-wear group which was recorded at -0.14 percent.

The largest positive contributor for atolls was also from fish group recorded at 0.53% while the largest negative contributor was from transport group which fell by -0.22 percent.

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