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ECONOMY

Inflation Down By -1,0%

Inflation Down By -1,0%

In October 2019, the Consumer Price Index increased by 0,40 units and reached 101,29 units compared to 100,89 units in September 2019, CYSTAT reports. Compared to October 2018, the CPI decreased by 1%. (Table 1) In the twelve-month period from November 2018 to October 2019, in comparison to the period from November 2017 to October 2018, the annual average rate of change of the CPI was 0,6%, while during the corresponding previous twelve-month period the CPI increased by 1%.

Analysis of changes Compared to October 2018, the category Transport recorded the largest change with a percentage of -5%. (Table 1) In comparison to the CPI of the previous month, the largest change was noted in Clothing and Footwear (5,8%). (Table 1) For the period between January – October 2019, compared to the corresponding period of the previous year, the largest change was recorded in Housing, Water, Electricity, Gas and Other Fuels (4,4%). (Table 1) Analysis of effects Compared to October 2018, the category Transport had the largest effect (-0,79) on the change of the CPI. (Table 3)

The category Clothing and Footwear had the largest positive effect (0,42) on the change of the CPI compared to the previous month, while Food and non-alcoholic beverages had the biggest negative effect (-0,32). (Table 3) Petroleum products had the most notable effect (-0,92) on the change of the CPI of October 2019 compared to October 2018. (Table 4)

Finally, clothing had the largest positive effect of 0,27 units on the change of the CPI of October 2019 compared to the previous month, while fresh fruits had the biggest negative effect of 0,16 units. (Table 5)

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