BUSINESS, HEADLINE

Timor-Leste registers monthly inflation of 0,4% in april

Timor-Leste registers monthly inflation of 0,4% in april

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DILI, 22 may 2024 (TATOLI) – Timor-Leste National Institute of Statistics, I.P. (INETL, I.P) revealed that the data collected last april in the country when compared to the previous month, indicate that the country registered inflation of around 0,4%, compared to a decline of 0.2% in the previous month.

“The significant rise of the Food and Non Alcoholic Beverages (+0.6%), Health (+3.0%), Housing (+0.3%) and Furnishing, Household Equipment and Routine Household Maintenance (+0.1%). The largest offsetting movement came from Alcohol and Tobacco (-0.1%) groups,” said the INETL report.

The largest upward contributions to the change in the one-month CPI rate (+0.4%) between April 2024 and March 2024, came from:

  • Food and non-alcoholic beverages (+0.6%): which was significantly driven by Rice (+2.2%), Vegetables (+0.7%) and Milk, Cheese and Eggs (+1.6%) sub groups. The largest offsetting movement came from Oil and Fats (-1.2%), Sugar, Jam, Honey, Chocolate and Confectionery (-1.1%), Coffee, Tea and Cocoa (-0.4%), and Meats (-0.1%) sub groups.
  • Health (+3.0%): was driven by Medical Product, Appliances and Equipment (+3.4%).
  • Housing (+0.3%): was driven by Water, Electricity, Gas and Other Fuels (+0.4%).
  • Furnishing, Household Equipment and Routine Household Maintenance (+0.1): was driven by Household Furniture and Textiles (+0.6%).

In the other part, the largest offsetting movement came from:

  • Alcohol and Tobacco (-0.1%): was driven by Alcohol (-0.2%) sub group.

Latest figure and long-term trend

The CPI 12-month rate between April 2024 and April 2023 stood at +3.4%, meaning that a basket of goods and services that cost $100.00 in April 2023 would have cost $100.34 in April 2024. The All Groups CPI (+3.4%) through the year ending April 2024. The largest driver of the rise in the annual came from Food and Non-Alcoholic Beverages (+6.4%) group, which was driven by Rice (+23.2%), Vegetables (+8.0%), Milk, Cheese and Eggs (+0.6%), Mineral Waters, Soft Drinks, Fruit and Vegetable Juices (+8.7%), Coffee, Tea and Cocoa (+0.3%), and Food Products (+4.1%) subgroups. The largest offsetting movement came from Oil and Fats (-7.7%), Sugar, Jam, Honey, Chocolate and Confectionery (-2.4%), Meats (-0.1%), Fish and Seafood (-3.0%), Fruits (-0.1%) and Bread and Cereals (-1.0%) sub groups. The Education (+2.0%), Recreation and Culture (+1.6%), Health (+2.3%) and Clothing and Footwear (+0.3%) groups. The largest offsetting movement came from Alcohol and Tobacco (-1.1%), Transports (-1.1%), Furnishing, Household Equipment and Routine Household Maintenance (-2.1%), Housing (-0.2%), and communication (-0.2%) groups.

 

Journalist: Camilio de Sousa

Editor: Filomeno Martins

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