October 2018 CPI inflation

Urban Consumer Price Index decreased year-on-year by 0.6% lower than an increase of 1.2% recorded in September 2018. Month-to-month, urban consumer price index also decreased by 0.6% against a slight increase of 0.2% in September 2018.

On annual basis, the slowdown came from the decline in prices of food and non-alcoholic beverages (-9.7%) and partly by a slowdown in price related to restaurants and hotels (-1.4%).

On monthly basis, the slowdown emanated from the decline in prices of Food and non-alcoholic beverages (-2.5%), as well as housing, water, electricity, gas and other fuels (-0.3%).

On locally produced goods, when compare October 2018 with the same period of the previous year consumer price index declined by 1.7% which is lower than a slight increase of 0.1% of September 2018. For imported items the index increased by 3.3% in October 2018 but lower than an increase of 4.9% in September 2018. Energy price index slightly slowed down from an increase of 11.5% in September 2018 to 9.4% in October 2018 while prices for fresh food declined by -4.0% in October 2018 compared to a slight increase of 0.1% in September 2018. Core inflation stood at 1.3% in October 2018 which is lower than 1.6% of September 2018.