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The patron worth index (CPI) in February elevated by 3.2 per cent year-on-year in comparison with February 2021, in response to a launch from the Division of Financial Planning and Statistics (DEPS), Ministry of Finance and Financial system.
The rise within the CPI was consistent with the rise in non-food and meals and delicate beverage costs by 3.3 per cent and a pair of.6 per cent, respectively.
The rise within the non-food element was pushed by miscellaneous items and companies (14.0 per cent), clothes and footwear (10.4 per cent), and transport (4.7 per cent).
Miscellaneous items and companies costs rose primarily as a result of improve within the worth of auto insurance coverage. In the meantime, the value improve in clothes and footwear was as a result of improve in costs of girls’s outer clothes. Rising costs of motor vehicles and air fares proceed to drive up transport costs.
The rise in meals and non-alcoholic drinks was as a result of rise in costs of meals corresponding to cooking oil (17.3 per cent); meat (7.1 per cent); and fish and seafood (3.9 per cent).
Amongst others, the rise in meals worth is because of increased import costs. In the meantime, beef and buffalo costs have risen resulting from increased import costs and provide scarcity.
The index which registered a year-on-year lower was communication by 0.9 per cent. For month-on-month modifications, the CPI in February 2022 elevated by 0.8 per cent in comparison with January 2022.
The Meals and Non-Alcoholic Drinks Index and the Non-Meals Index elevated by 0.8 per cent respectively.
The CPI is a measure of worth modifications of products and companies paid by the buyer in a specified interval and compiled on a month-to-month foundation.
The listing of products and companies within the CPI is predicated on the typical expenditure per family from the Family Expenditure Survey (HES).
The CPI full report for February 2022 is out there from DEPS’ web site: deps.mofe.gov.bn.
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