Attachments
Highlights of CPI, April 2016
1.1 Annual Inflation
The Annual Headline Inflation for the year ending April 2016 declined to 5.1 per cent compared to the 6.2 per cent recorded during the year ended March 2016.
The drivers for the Annual Headline Inflation were the Annual Food Crops Inflation which registered a minus 4.2 per cent for the year ending April 2016, compared to the 0.8 per cent recorded during the year ended March 2016. The decrease in Annual Food Crops Inflation is attributed to a decline in Vegetables Inflation that declined to minus 6.1 per cent for the year ending April 2016 compared to 0.3 per cent increase recorded during the year ended March 2016. In addition, Annual Fruits Inflation declined to minus 1.3 per cent for the year ending April 2016, compared to 4.3 per cent increase that was recorded during the year ended March 2016.
The other driver was the Annual Energy, Fuel and Utilities (EFU) Inflation that decreased to 6.5 per cent for the year ending April 2016, compared to the 7.1 per cent recorded during the year ended March 2016. Similarly the Annual Core Inflation declined to 6.4 per cent for the year ending April 2016, compared to 6.9 percent recorded during the year ended March 2016. The drop in Annual Core Inflation was due to the decline in the annual services inflation to 5.9 per cent for the year ending April 2016 compared to the 6.2 per cent recorded during the year ended March 2016.