The Consumer Price Index (CPI) for the month of October 2016 has declined by 0.4 percent to 108.5 compared to September this year, driven by a fall in recreation and culture, transport and food and beverages groups.
On the Year-on-Year (YoY) basis, the Index has risen by 2.2 percent in October this year compared to the same month previous year, according to the Ministry of Development Planning and Statistics data released yesterday.
Month-on-month comparison showed that recreation and culture group declined by 2.6 percent, transport by 1.1 percent, food and beverages by 0.4 percent, miscellaneous goods and services by 0.1 percent.
An increase in prices was noticed in restaurants and hotels by 0.9 percent, clothing and footwear by 0.8 percent, furniture and household equipment by 0.6 percent, housing, water, electricity and other fuel by 0.3 percent and health by 0.1 percent.
The other groups - tobacco, communication, and education - have remained flat at the last month's price level.
On the YoY basis, the Index was pushed by a rise in recreation and culture group by 6.6 percent, transport by 4.6 percent, miscellaneous goods and services by 3.2 percent and education by 3 percent. Housing, water, electricity and other fuels jumped by 2.7 percent, furniture and household equipment by 2 percent, clothing and footwear by 0.2 percent and communication by 0.1 percent.
There was a decrease in price levels in three groups - food and beverages by 2.7 percent, restaurants and hotels by 1.8 percent, and health by 0.8 percent while no changes were recorded for the tobacco group.
The CPI of October 2016, excluding the group of housing, water, electricity and other fuel stands at 106.5, showing a decrease of 0.3 percent when compared to the index of September 2016, and a 2.2 percent when compared to the CPI of October, 2015.
