DILI, 21 september 2023 (TATOLI)-– Timor-Leste’s National Institute of Statistics (INETL, I.P) released August 2023 Consumer Price Index (CPI) report, which shows the percentage change of all monthly groups increased by +0.5% compared to July which also rose +0.3%.
Data from INTL shows that price changes in all groups rose +0.5% due to contributions from food and non-alcoholic beverages of -0.5%, transportation -0.8%, and household equipment and maintenance -0.3%, which is different from inflation from all groups.
Meanwhile, the food and non-alcoholic beverage group rose +1.2% due to the impact of the vegetable subgroup +3.3%, beef +2.3%, fish +1.4%, oil, jam, honey water, powder cocoa, and sugar rose 0.3%, and bread +0.3%.
“In addition, the coconut oil and animal fat subgroup -2.1%, honey milk, cheese, and butter -0.7%, and food products fell -0.2% in contrast to changes in inflation from the food and non-alcoholic beverage group,” said the Executive President of INETL, I.P, Elias dos Santos Ferreira, in a note accessed by Tatoli, on thursday.
It was explained that the annual CPI percentage change rose +7.7% compared between August 2023 and August 2022, which received contributions from the food and non-alcoholic beverages group +9.8%, alcohol and tobacco +32.2%, education +7.0 %, clothing and shoes +1.7%, communications +0.6%, and housing +0.1% for July 2023.
“The transportation group -6.9%, recreation, and culture -1.1%, household equipment and maintenance -2.2%, and housing -0.1% changed the opposite of inflation for all groups in August 2023,” he added.
Tradable inflation rose +0.8% and non-tradable inflation fell -0.1% every month, comparing August 2023 with July 2023.
Meanwhile, tradable inflation rose +9.8% and non-tradable inflation rose +2.6% on an annual basis, compared to August 2023 with August 2022.