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Consumer Price Index

Consumer Price Index — December Quarter 2023

Released Reference period: December Quarter 2023 Economy
+1.1% Increase Quarterly change in headline CPI

Highlights

The headline CPI showed an increase of 1.1 percent from September quarter 2023 to December quarter 2023.

The headline CPI also showed an increase of 3.9 percent from December quarter 2022 to December quarter 2023.

All groups excluding Education Group shows a 1.2% increase from September quarter to December quarter and a 5.6% increase from December quarter 2022 to December quarter 2023.

Major contributors to the change in September Quarter 2023

The major contributors to the increase in December Quarter 2023 are the Alcoholic Beverages, Tobacco and Betel-Nut Group, Housing Group and Health Group.

    1. Alcoholic Beverages, Tobacco, and Betel-Nut Group
      The Alcoholic Beverages, Tobacco and Betel-Nut Group Increased by 4.8 percent in this quarter mainly due to increases in Betel Nut &Mustard (+11.3%).
    2. Food and Non-Alcoholic Beverages Group
      The Housing Group increased by 0.21 percent in this quarter due to an increase in the prices of Gas (16.7%) and Kerosene (11.3%) in the Cooking Sub-Group which rose by 9.4 percent.
    3. Transport Group
      The Health Group increased by 2.4 percent this quarter due to a rise in Medical Supplies (4.8%).

The increase in the Headline CPI was partially offset by another consecutive drop in the Communication Group.

    1. Communication Group
      The Communication Group decreased by 6.5 percent in the quarter due to a fall in Telephone Services (-9.5%).

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