THE MOVEMENT OF THE INDEXES
HEADLINE CPI

The headline CPI shows an increase of 1.3 percent in the December quarter 2017, compared with an increase of 1.0 percent in the Septemberquarter 2017.
The headline CPI also shows an annual change of 4.7 percent increase from December quarter 2016 to December quarter 2017.

The quarterly percentage changes in the All CPI Towns are:

CPI Towns Quarterly Change
Port Moresby 1.4%
Lae 1.2%
Goroka-Mt Hagen-Madang 1.5%
Alotau-Kimbe-Rabaul 1.3%

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

Major Expenditure Groups Percentage Change
Food and non-alcoholic beverages -1.7
Alcoholic beverages, tobacco and betelnut 4.7
Clothing and foot wear 2.2
Housing 1.0
Household equipment 4.3
Transport 2.7
Communication 0.0
Health 7.7
Recreation 5.0
Education 0.0
Restaurants and hotels -0.5
Miscellaneous 0.1

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

CPI December Quarterly percentage Change

The graph shows the quarterly percentage change in all CPI towns from December quarter 2016 to Decemebr quarter 2017. Goroka-Mt Hagen- Madang displayed the highest index of 1.5 percent while Lae had the lowest index of 1.2 percent in the December quarter 2017

UNDERLYING CPI

The underlying CPI shows an increase of 1.5 percent in the December quarter 2017, compared with an increase of 1.2 percent in the September quarter 2017.
The underlying CPI also shows an annual change of 3.9 percent increase from December quarter 2016 to December quarter 2017.
The quarterly underlying CPI excluding the three based measures stated below are:

Qrtr Underlying CPI Percentage

CPI ex- seasonal - Excludes the CPI item betel nut and mustard, and the subgroup fruit and vegetables.

1.5%

CPI ex- seasonal and excise - Excludes the seasonal items in subgroups affected by changes, excise duties - alcoholic beverages and tobacco.

1.5%

CPI ex- seasonal, excise and price control - Excludes the seasonal and excise affected items and subgroups noted in the selected price-regulatedcategory - rents, electricity, water, fares, fuels and lubricant, other services, postal services, telephone services, other communication services, medical services and education fees subgroups.

1.8%

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

Annual percentage changes in the headline CPI, underlying CPI and underlying CPI excludes the three based measures.

 Headline and Underlying CPI

The graph shows the comparison of the annual percentage changes in the headline CPI, underlying CPI and underlying CPI excluding; (i) seasonal, (ii) seasonal and excise (iii) seasonal, excise and price control from December 2012 to December 2017.

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THE MOVEMENT OF THE INDEXES
HEADLINE CPI

The headline CPI shows an increase of 1.2 percent in the June quarter 2017, compared with an increase of 1.1 percent in the March quarter 2017.
The headline CPI also shows an annual change of 5.8 percent increase from June quarter 2016 to June quarter 2017.

The quarterly percentage changes in the All CPI Towns are:

CPI Towns Quarterly Change
Port Moresby 1.1%
Lae 1.8%
Goroka-Mt Hagen-Madang 0.9%
Alotau-Kimbe-Rabaul 0.7%

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

Major Expenditure Groups Percentage Change
Food and non-alcoholic beverages 0.4
Alcoholic beverages, tobacco and betelnut 3.3
Clothing and foot wear 0.1
Housing 0.7
Household equipment 1.2
Transport 2.5
Communication 0.0
Health 0.9
Recreation -0.3
Education 0.0
Restaurants and hotels 1.4
Miscellaneous 1.5

 

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

juneqrtr2017

The graph shows Lae displayed the highest indexes of 1.8 percent while Alotau-Kimbe-Rabaul had the lowest index of 0.7 percent in the Junequarter 2017.

UNDERLYING CPI

The underlying CPI shows an increase of 0.7 percent in the June quarter 2017, compared with an increase of 0.4 percent in the March quarter 2017.
The underlying CPI also shows an annual change of 2.5 percent increase from June quarter 2016 to June quarter 2017.
The quarterly underlying CPI excluding the three based measures stated below are:

Qrtr Underlying CPI Percentage
CPI ex- seasonal 0.6%
CPI ex- seasonal and excise 0.7%
CPI ex- seasonal, excise and price control 0.7%

 

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

 juneqrtr20172

The graph shows the quarterly headline and underlying changes recorded since December quarter 2015 to June quarter 2017.

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