The consumer price index (CPI) has increased by 2.95 percent
The Consumer Price Index (CPI) for March 2016 that is from March 2015 to March 2016 has increased by 2.95 percent. This was 0.04 percentage point lesser than the previous month which was 2.98 percent. Prices of food went up by 2.78 percent and non-food by 3.06 percent.
According to the monthly consumer price index bulletin March 2016 which was complied by national statistic bureau stated that the prices for the electricity, gas and other fuels have remained the same with 7.21 percent during last March from during the last December.
The report also stated that the percentage of inflation rates for furniture and furnishing, carpets and other floor cover was the highest with 1.31 percent during last March from 0.19 percent during last December followed by audio-visual, photographic and information processing equipment with 0.40 percent from 0.14 percent during the same period.
The prices of domestic goods and services have increased by 4.24 percent due to increase in food prices by 4.10 percent and non-food prices by 4.32 percent, stated the report.
The report further stated that the price for the food items increases from 3.48 percent during last December to 4.10 percent during last March month. But for non-food items, it has decreased from 4.72 percent to 4.32 percent during the same period.
While, the prices of imported goods has increased by 1.76 percent with corresponding increase in food prices by 1.71 percent and nonfood prices by 1.79 percent.
Meanwhile, the purchasing power of ngultrum has decreased by 2.86 percent in the past 12 months due to price rise in the economy.