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Timor-Leste’s inflation rate in december 2024 was +0.2%

Timor-Leste’s inflation rate in december 2024 was +0.2%

Image Tatoli/Antonio Daciparu

DILI, 22 january 2025 (TATOLI) – Consumer Price Index CPI in Timor-Leste increased to +0.2% in december 2024, compared to a fall -0.2% in november 2024.

According to the report of the Timor-Leste National Institute of Statistics, I.P. (INETL, I.P), the percentage change in the Consumer Price Index (CPI) for each month was (+0.2%) in december 2024 compared to november 2024 (-0.2%).

The largest upward contributions to the change in the one-month CPI rate (+0.2%) between december 2024 and november 2024, came from:

  • Food and non-alcoholic beverages (+0.2%): which was significantly driven by Vegetables (+1.3%), Milk, Cheese and Eggs (+1.2%), Fruits (+0.2%) and Sugar, Jam, Honey, Chocolate, and Confectionary (+1.3%) subgroups. The largest offsetting movement came from Rice (-0.2%), Fish and Seafood (-0.3%), Meat (-0.2%) and Oil and Fats (-0.3%) subgroups.

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

  • Transports (-0.3%): was driven by Operation of Personal Transports Equipment (-0.7%) sub group.
  • Clothing and Footwear (-0.1): was driven by Footwear and Clothing Accessories (-0.2%).

INETL reported that the CPI 12-month rate between december 2024 and december 2023 stood at -0.4%, meaning that a basket of goods and services that cost US$100.00 in december 2023 would have cost US$99.96 in december 2024.

The All Groups CPI (-0.4%) through the year ending December 2024. The largest driver of the fall in the annual came from Transports (-2.4%), Alcohol and Tobacco (-3.2%), Furnishing, Household Equipment and Routine Household Maintenance (-1.2%), Housing (-0.7%), Communication (-0.9%) and Clothing and Footwear (-0.3%) groups. The largest offsetting movement came from Food and Non-Alcoholic Beverages (+0.1%) group, which was driven by Rice (+2.2%), Vegetables (+2.1%), Coffee, Tea and Cocoa (+1.5%), Food Products (+0.5%) and Mineral Waters, Soft Drinks, Fruit and Vegetable Juices (+0.7%) subgroups. The largest offsetting movement came from Oil and Fats (-2.4%), Sugar, Jam, Honey, Chocolate and Confectionery (-5.5%), Milk, Cheese and Eggs (-1.5%), Fish and Seafood (-3.9%), Bread and Cereals (-1.1%), Fruits (-3.1%) and Meat (-0.1%) sub groups. The Education (+2.0%), Recreation and Culture (+1.9%), and Health (+2.3%) groups.

 

 

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