Consumer Prices Index (CPI)
Inflation as measured by Consumer price index stands at 4.4% for October 2021, down from 5.0% in September 2021.
Transport, Housing, water, electricity, gas and other fuels continue to be the two biggest contributors to the increase in the rate of inflation. Each contributes to a 3.2%, and 0.7% increase in the overall 12-month rate respectively. All items within Transport category experienced an increase in prices. Air travel experienced the biggest increase in prices (48.8%), followed by petrol and oil (19.9%). Within Housing, water, electricity, gas and other fuels, oils and other fuels experienced the biggest increase in prices (57.9%) compared to same month last year.
Furniture, household equipment and maintenance is the third biggest contributor to the increase in rate of inflation, contributing to a 0.6% increase in the overall 12-month rate. Within Furniture, household equipment and maintenance, other household equipment experienced the biggest increase (17.9%).
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