Consumer Price Index — March Quarter 2024

Highlights

The headline CPI showed a decrease of 2.1 percent from December quarter 2023 to March quarter 2024.
The headline CPI however showed an increase of 2.5 percent from March quarter 2023 to March quarter 2024.

Major contributors to the change in September Quarter 2023

The major contributors to the fall in March Quarter 2024 are Alcoholic Beverages, Tobacco and Betel-Nut Group, Communication Group and Health Group.

1. 1. Alcoholic Beverages, Tobacco and Betel-Nut Group.
      The Alcoholic Beverages, Tobacco and Betel-Nut Group decreased by 14.3 percent in this quarter mainly due to the decreases in Betel Nut &Mustard (-27.4%).
   2. Communication Group
      The Communication Group decreased again by 2.3 percent this
      quarter mainly due to a fall in Telephone Services (-5.8%).
   3. Health Group
      The Health Group also decreased by 0.9 percent in this quarter due to a fall in Medical Supplies (-1.8%).

The decrease in the Headline CPI was partially offset by the Transport Group, Education Group and the Clothing & Footwear Group.

1. 1. Transport Group
      The Transport Group increased by 1.3 percent in this quarter mainly due to a rise in Fares (+2.3%) and Motor Vehicle Purchases (+2.2%).
   2. Education Group
      The Education Group increased by 1.8 percent in this quarter mainly due to a rise in Other Expenses (+2.7%).
   3. Clothing and Footwear Group
      The Clothing and Footwear Group increased by 1.7 percent in this quarter mainly due to a rise in Boys wear (+7.5%) and Men’s Wear (+7.5%).

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