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Tuesday 22 November 2022 locAl
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Consumer Price Index, base period June 2019 October 2022

The Central Bureau of Sta- change of the CPI for the and “Clothing and foot- tributed to an effect of
tistics presents the most periods October 2020 to wear” (-5.8%) sectors, caus- -0.22 ppts. The decrease
important findings for the October 2021 and Octo- ing an effect of -0.23 and in the “Clothing and foot-
Consumer Price Index (CPI) ber 2021 to October 2022 -0.15 ppts, respectively. The wear” sector was mainly
for the month of October is 5.1%, an increase of 5.4 decreases in the remain- due to a decrease of 6.6%
2022. ppts compared to the pe- ing sectors had an effect in the category “Clothing”,
riod average percentage of -0.16 ppts on the CPI of which contributed to an ef-
Consumer Price Index for change over the periods October 2022. fect of -0.13 ppts.
the month of October 2022 October 2019 to October
2020 and October 2020 to The increase in the “Rec- Consumption basket
The CPI for October 2022 is October 2021 (-0.3%). reation and culture” sec- The consumption basket
106.30, an increase of 0.1% tor was mainly due to an of the CPI consists of 408
compared to the index of During this month, four (4) of increase in the category goods and services. Com-
September 2022 (106.20) the twelve (12) sectors reg- “Holidays” (11.6%), which pared to September 2022,
and accumulating an in- istered increases in prices. contributed to an effect of 49.0% of these products
crease of 5.7% up to and The increases that had the 0.30 ppts. The increase in had an increase in price,
including October of this greatest influence on the the “Household operation” causing an effect of 1.14
year. CPI were registered for the sector was mainly due to ppts, while 32.8% showed
“Recreation and culture” an increase of 21.9% in the a decrease, contributing to
The percentage change of (2.8%) and “Household category “Furniture, fur- an effect of -1.05 ppts and
the CPI over the last twelve operation” (2.8%) sectors, nishings, carpets and oth- the remaining 18.1% had
(12) months (October 2021 which contributed with an er floor coverings”, which no change in price. The
to October 2022) is 7.0, an effect of 0.26 and 0.25 ppts, contributed to an effect of prices of goods decreased
increase of 4.6 percentage respectively. The increases 0.20 ppts. by 0.3% and caused an in-
points (ppts) compared to in the remaining sectors fluence of -0.20 ppts. The
the percentage change had an effect of 0.12 ppts The decrease in the “Trans- prices of services increased
for the same period of last on the CPI of October 2022. port” sector was mainly by 0.7% and had an influ-
year (2.4%). Aforementioned increases due to a decrease in the ence of 0.29 ppts on the
were partially offset mainly category “Operation of CPI of October 2022.
The period average (last by decreases in the indices personal transport equip-
24 months) percentage for the “Transport” (-1.6%) ment” (-2.6%), which con- Core inflation
The CPIC (core inflation)
- CPI excluding the effect
of energy and food – was
2.9% in October 2022. The
energy index - which con-
sists of the products: elec-
tricity, water, gasoline and
diesel – was 12.8%. The
food index showed an in-
crease of 9.0%.
is Afl. 2,529, an increase of
Subsistence level Afl. 218 compared to Octo-
The subsistence level for ber 2021 (Afl. 2,311).
a household consisting of
two (2) adults and two (2) Change in prices of crude
children (aged 0-14 years) oil, utilities, gasoline and
in October 2022 is Afl. 5,311, diesel in October 2022
an increase of Afl. 457 com-
pared to October 2021 (Afl. The prices of utilities (elec-
4,854). The subsistence level tricity and water), gaso-
for a single adult household line and diesel are for the
greater part determined
by international crude oil
prices. In October 2022 the
average price per barrel of
crude oil (US$ 87.61) had an
increase of US$ 2.24 (2.6%)
compared to September
2022 (US$ 85.37).

The prices of electricity
and water did not change
compared to September
2022. Subsequently, the
average electricity price
per household remained
at Afl. 294.56, while the av-
erage price of water per
household remained at Afl.
168.73.
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