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Highlights:
• The newest September month-to-month Shopper Worth Index (CPI) of 113.9 signifies a stabilization of market costs in Q3, recording a rise of 0.1 % since August and no motion in comparison with July.
• Nonetheless, costs stay excessive relative to the identical time final yr; marking a 6.8 % enhance in CPI between September 2021 – September 2022.
• As rice costs have globally elevated by 12.3 % since final September,1 the same growing value development in Timor-Leste was noticed for the native and imported rice in Q3. This enhance continues to be a lot steeper for the worth of native rice.
• Cooking oil costs present a noticeable decline in Q3, presumably owing to the decreased world consumption and restrictive export measures. Since August, costs have decreased by 13 %.
Shopper Worth Index (CPI)
Amid the surge in meals and gasoline costs all through 2022 in Timor-Leste, the CPI price has stabilized in Q3. In line with the most recent September inflation knowledge revealed by the Basic Directorate of Statistics (GDS), the annual inflation price between final September and this September is +7.9 %, whereas the month-to-month inflation price enhance between August and September of this yr is +0.1 %.This means a noticeable rebound from the earlier yr by way of market value inflation, even when evaluating this yr’s Q3 knowledge in opposition to Q1 and Q2 figures.
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