Dili, 23 January 2018 – Consumer Price Index for month of December 2017 was officially released at the DGS conference Room, Cai-Coli street by the General Director of Statistics, Mr. Elias dos Santos Ferreira. Before proceeding to launched the mentioned publication, firstly Mr. Ferreira extend his respect to all representatives and friends from Central Bank of Timor-Leste, Ministry Commerce and Industry, NGOs, NGO Luta Hamutuk, UNITAL, National Director for Economic political affairs of the Ministry of Planning and Finance, National Director for Logistics from Ministry of Planning and Finance, Ministry of Tourism, all participants, National directors friends, department chiefs as well as staff that basically working under General Directorate of Statistics Timor-Leste. Mr. Ferreira further said, well; this is the initial year of 2018, as you all may know that all people are awaiting data from Consumer Price Index (CPI) for the month of December 2017.
The Consumer Price index changes in percentage in all groups increased (+0.5%) in month of December 2017, meanwhile compared with month of November 2017 was also increased (+0.3%). The prices slightly increased due to contributions by the majority of the group of food….. and non-alcoholic drinks which is increased (+ 0.7%) if we are looking at Clothing and Footwear increased (+ 0.2%). Prices slightly increased, it’s from group of food and also non-alcoholic drinks that was in majority impacts from sub-group of rice (+0.8%), vegetables (+0.8%), fats and oils (+2.9%), Milk, cheese and Eggs increased (+3.9%) Wheat and bread increased (+0.5%). Sub-group of fruits down (-0.6%) it become as contrary changes for group of food and non-alcoholic drinks.
Changes in the percentage of the annual CPI increase (+0.8%) compared to December 2017 – December 2016, the contributions group of food and non-alcoholic drinks (+ 0.8%), equipment and maintenance of household furniture (+ 1.9%), House (+ 0.8%), transport (+0.6%) and Clothing and Shoes (+ 0.5%). Culture and Recreation groups down (-1.1%), communication down (- 0.9%) and Alcohol and Tobacco (-0.5%) as negative in December 2017 effectively.
Tradable inflation monthly increased (+0.6%) and Non-Tradable (+0.1%) in December 2017, meaning that All Groups CPI prices increased most affected by the price of produce imports.
An Annual Tradable inflation increased (+ 1.4%) and Non-Tradable down (-0.8%) compared to December 2017 – December 2016.