November CPI rises 0.45% driven by storm-induced food costs
In the 0.45% increase of the CPI for November compared to the previous month, nine groups of goods and services saw price increases, while two groups experienced price decreases.
Q1 Consumer Price Index rises 3.22%
The CPI increase attributed to the price hike of the food and food service, housing, electricity, and medical services.
Inflation management a pressing issue
Inflationary pressure will persist until the end of the year and even into the beginning of 2023, analysts believe. The main cause is cost-push, with monetary factors a secondary cause. Minimizing the negative impact of rising raw material, gasoline, and food prices will determine the effectiveness of inflation management.
April CPI up 0.18%
The General Statistics Office has said the consumer price index (CPI) increased 0.18 per cent in April against March and 2.64 per cent year-on-year. It rose 2.1 per cent year-on-year in the first four months; lower than the rate posted in the first four months in all of the 2017-2020 period.