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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

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