CPI for the period December 2020 – December 2021

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Consumer Price Index Over the last 12 months, the CPI increased by 3.6%. Ten (10) of the twelve (12) sectors registered increases in prices. The increases that had the greatest influence on the CPI were registered for the “Transport” (15.7%), “Household operation” (6.2%), “Food and non-alcoholic beverages” (4.3%) and “Recreation and culture” (3.4%) sectors, which contributed with an effect of 1.85, 0.58, 0.47 and 0.34 ppts, respectively.

The increases in the remaining sectors had an effect of 0.52 ppts on the CPI of December 2020 – December 2021. Aforementioned increases were partially offset by decreases in the indices for the “Health” (-2.7%) and “Communications” (-0.6%) sectors, causing an effect of -0.06 and -0.05 ppts, respectively. The increase in the “Transport” sector was mainly due to an increase in the category “Operation of personal transport equipment” (22.2%), which contributed to an effect of 1.56 ppts. The increase in the “Household operation” sector was mainly due to increases in the categories “Household appliances” (13.1%) and “Tools and equipment for house and garden” (33.0%), which contributed to an effect of 0.32 and 0.23 ppts, respectively. The increase in the “Food and non-alcoholic beverages” sector was mainly due to an increase in the category “Food” (4.6%), which contributed to an effect of 0.44 ppts. The increase in the “Recreation and culture” sector was mainly due to an increase in the category “Audio-visual, photographic and information processing equipment” (39.5%), which contributed to an effect of 0.21 ppts. The decrease in the “Health” sector was mainly due to a decrease in the category “Medical products, appliances and equipment” (-2.7%), which contributed to an effect of -0.04 ppts. The decrease in the “Communications” sector was due to a decrease in the category “Telephone and telefax equipment” (-11.6%), which contributed to an effect of -0.05 ppts.

Consumption basket Over the last year

52.7% of the products in the consumtion basket had an increase in price, causing an effect of 4.66 ppts, while 35.5% showed a decrease, contributing to an effect of -1.01 ppts and the remaining 11.8% had no change in price. The prices of goods increased by 5.1% and caused an influence of 2.88 ppts. The prices of services showed an increase of 1.8% and had an influence of 0.77 ppts.

Subsistence level Over the last 12 months,

the subsistence level for a household consisting of two (2) adults and two (2) children (aged 0-15 years) registered an increase of Afl. 150. Thisincrease was mainly due to increases in the “Food and non-alcoholic beverages” (Afl. 82) and “Transport” (Afl. 41) sectors.

Change in prices of crude oil, utilities, gasoline and diesel

The average price per barrel of crude oil registered an increase of US$ 24.63 (52.7%) from US$ 46.78 in December 2020 to US$ 71.41 in December 2021. The energy index increased by 9.3% over the past 12 months. The indices of “Gasoline” and “Diesel” registered increases of respectively, 35.3% and 42.2% over the last year, contributing together with an effect of 1.42 ppts. The indiceses of the other two components of energy (“Electricity” and “Water”) did not change over the past 12 months. The remaining 404 goods and services, as a group, show an increase of 2.6% and had an effect of 2.23 ppts on the CPI. Change in prices of Food & catering services Over the last 12 months, the “Food & catering services” increased by 3.8%. The “Food at home” index showed an increase of 4.3%, where all of the “Food at home” food groups increased over the period. The “Oils and fats” index increased by 15.2%, the largest increase among the “Food at home” food groups. Furthermore, other significant increases were posted in the indices for “Fruit” (10.2%), “Meat” (7.1%), “Potatoes and other tubers” (5.6%), “Fish and other seafood” (3.2%) and “Bread and cereals” (2.4%). The index for “Food away from home” increased by 2.7% over the last 12 months.

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