Consumer Price Index July 2018

The annual inflation rate in July 2018 was 3.1 percent, the same rate as in June 2018.
The inflation rates for regions between June 2018 and July 2018 showed that Rural Villages declined to 2.1 percent from 2.3 percent, Cities & Towns went down to 3.9 percent from 4.0 percent while Urban Villages’ remained unchanged at 2.7 percent between the two months.
The national Consumer Price Index moved from 106.1 in June 2018 to 106.2 in July 2018, registering an increase of 0.1 percent. The Cities & Towns’ index realized a rise of 0.1 percent, moving from 106.8 to 106.9. The Rural Villages index’ increased by 0.1 percent, advancing from 105.4 in June 2018 to 105.5 in July 2018, while Urban Villages’ index rose by 0.1 percent between the two periods. Group indices were generally moving at a steady pace between the two months under review, recording changes of less than 1.0 percent.
The Restaurants & Hotels group index went up from 106.6 to 107.0, recording a rise of 0.4 percent between the two months. The rise was attributed to the general increase in the section indices. The Food & Non-Alcoholic Beverages group index moved from 102.6 to 102.4, recording a drop of 0.2 percent between the two months. The drop was mainly attributed to the decrease in the major section indices notably: Vegetables (0.8 percent) and Bread & Cereals (0.5 percent).
The Transport group index went up from 109.0 to 109.2, registering a rise of 0.2 percent between the two months. The rise was due to the increase in the section index of Purchase of Vehicles by 0.6 percent. The All-Tradable index advanced from 105.3 in June to 105.4 in July, registering a rise of 0.1 percent. The Imported Tradable index recorded an increase of 0.1 percent between June and July 2018.
The Non-Tradable index moved from 107.5 in June to107.7 in July, registering an increase of 0.1 percent, while the Domestic Tradable index remained unchanged at 103.3 between June and July. All-Tradable inflation rate was 2.3 percent in July, recording a drop of 0.1 of a percentage point on the June 2018 rate of 2.4 percent. The Imported Tradable inflation rate went down from 3.6 percent in June to 3.4 percent in July while the Non-Tradable inflation rate remained unchanged at 4.4 percent between the two months. The Trimmed Mean Core Inflation rate in July 2018 was 3.1 percent, an increase of 0.1 of a percentage point on the June 2018 rate of 3.2 percent. The Core Inflation rate by exclusion was 1.7 percent compared to 1.8 percent realized the previous month.