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SUMMARY

  • The quarterly inflation rate for the fourth quarter of 2023 was 0.2 percent compared to 2.6 percent for the third quarter of the same year.
  • The annual inflation rate was 4.5 percent for the fourth quarter of 2023 compared to 6.2 percent for the third quarter of the same year.
  • The average annual inflation for 2023 is 7.2
Graph – Inflation rates
Table – Inflation rates
Table Plugin

QUARTERLY CHANGES

The Clothing & Textiles group index has the biggest quarterly increase of 21.7 percent, influenced by:

  • The textile index increased by 28.1 percent
  • The clothing index increased by 21.1 percent

The Alcohol and Tobacco group index increase by 4.3 percent, influenced by:

  • The Alcohol index increased by 17.8 percent

The Food group index increased by 3.7 percent, influenced by:

  • Sugar and sweets increased by 16.4 percent.
  • Beverages increased by 15.1 percent,
  • Cooking oil and fats increased by 11.1 percent.
Graphs – Quarterly Changes by Groups
Table – Quarterly Changes by Groups
Table Plugin

ANNUAL CHANGES

The Miscellaneous group items had the highest annual change, influenced by:

  • A more than 2 fold increase in landline call rates.
  • An increase in residential internet plans
  • Entertainment grew by 8.4 percent
  • Cleaning materials grew by 8.2 percent

The food group increase by 9.6 percent, influenced by:

  • Sugar and sweets increased by 21.8 percent.
  • Miscellaneous food increased by 13.3 percent.
  • Beverages increased by 12.8 percent.

The Alcohol and Tobacco group increased by 6.8 percent, influenced by:

  • Alcohol increased by 13.1 percent.
  • Tobacco increased by 3.7 percent.
Graph – Annual Changes by Group
Table – Annual Changes by Group
Table Plugin

For more information, click the buttons below to download the CPI tables and report

IMTS 2023 Q2

CSD has compiled the IMTS 2023 Q2 report. There is an increase in the trade deficit due to increased imports and decreased exports. More information will be detailed in the report and the release tables. IMTS 2023 Q2 Report IMTS 2023 Q2 Release...

2023 Q2 Updates

CSD has completed the Consumer Price Index reports for the first and the second quarter of 2023. Click the links below to download the CPI reports. 2023 Q1 CPI Report 2023 Q2 CPI Report CSD also completed compiling the IMTS Release Tables for the first quarter of 2023...