CPI September Quarter 2016

THE MOVEMENT OF THE INDEXES
HEADLINE CPI

The headline CPI shows an increase of 1.7 percent in the September quarter 2016, compared
with an increase of 1.4 percent in the June quarter 2016.
The headline CPI also shows an annual change of 6.8 percent increase from September quarter
2015 to September quarter 2016.
The quarterly percentage changes in the All CPI Towns are:

CPI Towns Quarterly Change
Port Moresby 1.6%
Lae 2.1%
Goroka-Mt Hagen-Madang 1.7%
Alotau-Kimbe-Rabaul 1.2%

 

The percentage changes in the CPI by major expenditure groups from previous quarter are:

Major Expenditure Groups Percentage Change
Food and non-alcoholic beverages 0.3
Alcoholic beverages, tobacco and betelnut 7.9
Clothing and foot wear 0.0
Housing 4.1
Household equipment 0.4
Transport -1.4
Communication 0.0
Health 0.2
Recreation 0.2
Education 0.0
Restaurants and hotels 1.2
Miscellaneous -0.1

 

Graph 1. Quarterly percentage change in the All CPI Towns.

cpiseptqrt2016

The graph shows that Lae displayed the highest index of 2.1 percent while Alotau-Kimbe-Rabaul
had the lowest index of 1.2 percent in the September quarter 2016.

UNDERLYING CPI

The underlying CPI shows a slight increase of 0.4 percent in the September quarter 2016, compared with an increase of 0.2 percent in the June quarter 2016.
The underlying CPI also shows an annual change of 2.0 percent increase from September quarter 2015 to September quarter 2016.

The quarterly underlying CPI excluding the three based measures stated below are:

Qrtr Underlying CPI Percentage
CPI ex- seasonal 0.5%
CPI ex- seasonal and excise 0.4%
CPI ex- seasonal, excise and price control 0.3%

 

Graph 2. Quarterly percentage change in the Headline and Underlying CPI.

 cpiseptqrt2016 2

The graph shows the quarterly headline and underlying changes recorded since March
quarter 2015 to September quarter 2016.