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SUMMARY

  • The quarterly inflation rate for the first quarter of 2024 was 0.5 percent compared to 0.2 percent for the fourth quarter of the previous year.
  • The annual inflation rate was 3.9 percent for the first quarter of 2024 compared to 4.5 percent for the fourth quarter of the previous year.
  • The average annual inflation for March 2024 is 5.1
Graph – Inflation rates
[supsystic-table-diagram id=’51’]
Table – Inflation rates
YearQuarterAnnual InflationQuarterly Inflation
Year Quarter Annual Inflation Quarterly Inflation
2021 Mar-21 3.1 3.4
2021 Jun-21 6.3 3.3
2021 Sep-21 7.5 0.4
2021 Dec-21 9.8 2.4
2022 Mar-22 8.7 2.4
2022 Jun-22 11.9 6.5
2022 Sep-22 14.2 2.4
2022 Dec-22 13.7 1.9
2023 Mar-23 12.2 1.1
2023 Jun-23 6.0 0.5
2023 Sep-23 6.2 2.6
2023 Dec-23 4.5 0.2
2024 Mar-24 3.9 0.5
Table Plugin

QUARTERLY CHANGES

The Housing group index has the biggest quarterly increase of 1.7 percent, influenced by:

  • The Cooking fuel and Electricity index which increased by 3.7 percent

The Miscellaneous group index increase by 1.2 percent, influenced by:

  • The Cleaning Materials which increased by 5.6 percent

The Transport group increased by 1.0 percent, influenced by:

  • Private transport which increased by 1.1 percent.
Graphs – Quarterly Changes by Groups
[supsystic-table-diagram id=’16’]
Table – Quarterly Changes by Groups
Group Quarterly Inflation Rate Quarter
Housing 1.7 Mar-24
Misc 1.2 Mar-24
Transport 1.0 Mar-24
Alcohol & Tobacco -0.7 Mar-24
Clothing & Textile -3.4 Mar-24
Food -4.0 Mar-24
Table Plugin

ANNUAL CHANGES

The Miscellaneous group items had the highest annual contribution to CPI which increased
by 17.2 percent, influenced by;

  • Landline call rates increased by 2.5 percent.
  • An increase of 1.2 percent in Residential internet plans
  • Cleaning materials grew by 18.2 percent
  • Entertainment grew by 8.4 percent

The Alcohol and Tobacco group increase by 6.1 percent, influenced by:

  • Alcohol increased by 11.0 percent.
  • Tobacco increased by 3.7 percent.

The Food group increased by 4.0 percent, influenced by:

  • Beverages increased 36.2 percent.
  • Sugar and sweets increased by 13.8 percent.
  • Cereals increased by 10.6 percent.
Graph – Annual Changes by Group
[supsystic-table-diagram id=’17’]
Table – Annual Changes by Group
Group Annual Inflation Rate Quarter
Misc 17.2 Mar-24
Alcohol & Tobacco 6.1 Mar-24
Food 4.0 Mar-24
Housing 3.9 Mar-24
Clothing & Textile -2.5 Mar-24
Transport -7.9 Mar-24
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...