One Month and Twelve Months’ Changes in the Consumer Price Indices (CPI)

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cpi
  • 3 years ago
  • Posted: November 2, 2016 at 4:00 pm

KNBS released the Consumer Price Indices (CPI) and rates of inflation for October, 2016 and things are not that well. For the third month in a raw the rate of inflation rose again. Back in August this year the rate of inflation stood at 6.26 percent. A month later the rate rose to 6.34 percent. Well this month things are not that different.

The overall inflation rate stood at 6.47 percent for the month just ended October, 2016. On the other hand, the CPI increased by 0.62 percent from 171.56 in September 2016 to 172.62 in October 2016.

The table below highlights the rate of inflation on different products.

Broad Commodity Group CPI Weight % Change on last month (October 2016/September 2016) % Change on same month of previous year (October 2016/October 2015)
Food & Non-Alcoholic Beverages 36.04 0.96 11.03
Alcoholic Beverages, Tobacco &

Narcotics

2.06 0.01 14.13
Clothing & Footwear 7.43 0.55 4.17
Housing, Water, Electricity, Gas

and other Fuels

18.3 0.16 -0.04
Furnishings, Household

Equipment and Routine

Household Maintenance

6.16 0.19 3.23
Health 3.13 0.18 3.34
Transport 8.66 0.37 0.36
Communication 3.82 0.02 1.81
Recreation & Culture 2.25 0.08 4.34
Education 3.14 0.00 4.07
Restaurant & Hotels 4.48 0.22 5.60
Miscellaneous Goods & Services 4.52 0.25 3.90
Total 100 0.62 6.47
What is your opinion on the topic?
Mr. Felix
A Math Nerd and a Computer Geek. Currently a Windows 10 Insider. Interested in AI, big data and AR/VR. Takes a keen interest in developments in the tech, business and social media spheres.
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