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Consumer Price Index

Consumer Price Index — June Quarter 2024

Released Reference period: June Quarter 2024 Economy
-0.7% Decrease Quarterly change in headline CPI

Highlights

The headline CPI showed a decrease of 0.7 percent from March quarter 2024 to June quarter 2024 and an increase of 0.1 percent compared to June Quarter 2023.

The decrease in June quarter CPI was largely driven by the Alcoholic Beverages, Tobacco and Betel-Nut Group, this was due to another decrease in Betel Nut and Mustard (-19.0%) following from the March Quarter 2024.

Excluding Betel Nut and Mustard only, CPI showed an increase of 1.6 percent from March quarter 2024 to June quarter and 4.2% compared to June Quarter Of 2023.

The Food a n d Non-Alcoholic Beverages Group rose by 4.9% compared to June Quarter 2023 and 2.3% from the March Quarter 2024. The rise in food prices was driven by Fruits and Vegetables, 7.9% up from last quarter and Cereals, 8.2% up from June Quarter 2023.

Major contributors to the change in September Quarter 2023

The major contributors to the fall in June Quarter 2024 are the Alcoholic Beverages, Tobacco and Betel-Nut Group, the Household Equipment Group and the Communications Group.

  1. Alcoholic Beverages, Tobacco and Betel-Nut Group
    The Alcoholic Beverages, Tobacco and Betel-Nut Group decreased by 10.2 percent in this quarter mainly due to the decreases in Betel Nut & Mustard (-19.0%).
  2. Household Equipment Group
    The Household Equipment Group decreased by 1.1 percent in this quarter mainly due to fall Household Maintenance Goods (-3.4%).
  3. Communications Group
    The Communications Group decreased by 1.1 percent in this quarter due to fall in Telephone Services (-1.7%).

    The decrease in the Headline CPI was partially offset by Food and Non-Alcoholic Beverages Group and Transport Group.
    Food and Non-Alcoholic Beverages Group
    The Food and Non-Alcoholic Beverages Group increased by 2.3 percent in this quarter mainly due to a rise in Fruits and Vegetables (+7.9%) and Cereals (+1.8%).

    Transport Group
    The Transport Group increased by 0.4 percent in this quarter mainly due to a rise in Fuels and Lubricants (+3.6%).

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