Nov inflation rises by 3.4%

The domestic Consumer Prices Index (CPI) rose 3.4 percent in November compared to the same month of 2015, the Central Statistical Bureau said in a report released yesterday. The figure dropped by 0.14 percent in November on a monthly basis, compared to October.

The monthly consumer index in November showed stability in six main groups, causing the price index in one group to climb and drop in five others. Price index of the main group (food and beverages) climbed in November by 0.19 percent, compared to the same month in 2015. However, the group saw a drop on a monthly basis estimated at 0.06 percent, while the price index climbed 0.2 percent in the second group (tobacco) on a monthly basis.

The index of the third group (clothing, footwear) dropped in November by 1.09 percent year/year and by 0.39 percent monthly. Inflation in the fourth group (housing services) rose by 7.4 percent year/year. In the group, home furnishings, equipment maintenance rose 2.15 percent annually. The health sector witnessed a rise in the inflation index in November by 1.86 percent year/year, while transport jumped by 10 percent yearly, but dropped monthly by 0.64 percent.

Meanwhile, communication climbed by 0.2 percent on a yearly basis. The index of entertainment and culture increased on an annual basis by 0.16 percent, education climbed yearly by 2.7 percent, restaurants and hotels 2.92 percent, and commodities and various services 0.92 percent. — KUNA