2018 Consumer Price Index (CPI)

Publication date: 19th April 2018

Consumer Price Index (CPI)Month-on-Month basis in January 2018 was 0.83%, this was a result of the increase in prices of Bread and Cereals other essential commodities due to unavailability of new farm produce and opening stock in the market. The monthly CPI of February 2018 recorded -2.49% which was lower compared to 0.83% recorded in January 2018. This was as a result of a decrease in the prices of major goods and services in the market, especially Oil and Fat, Fruit, Vegetable, Potatoes Yam and Other Tubers, Actual and Imputed Rent.

CPI Month on Month basis in March 2018 was 0.31%, which shows an increase compared to -2.49% recorded in February 2018. The rise in the CPI was as a result of the increase in the prices of Bread and Cereals being the peak of dry season i.e beginning of the raining season.

The month of April CPI 2018, recorded -0.05% which was lower compared to 0.31% recorded in March. This was caused by a slight decrease in the prices of some goods and services, especially Major Food Items, Stationaries and Major Household Applied as a result of an increase in the supply of Food Items by many farmers so as to get enough money for the planning of new farming season.