The headline CPI showed a decrease of 0.5 percent from September quarter 2022 to December quarter 2022.

The headline CPI also showed an increase of 3.4 percent from December quarter 2021 to December quarter 2022.

The major contributors to the decrease in December Quarter 2022 are Alcoholic Beverages, Tobacco and Betel-Nut Group, Housing Group and Transport group.

1. 1. Alcoholic Beverages, Tobacco, and Betel-Nut Group
      The Alcoholic Beverages, Tobacco and Betel-Nut Group decreased by 5.7 percent in this quarter mainly due to the fall in Cigarettes, (-16.5%) and Betel-Nut (-2.5%) prices. The Alcoholic Beverages, Tobacco and Betel-Nut Group showed decreases in Port Moresby (-1.5%), Lae (-11.4%), Goroka-Mt-Hagen-Madang (-11.2%) and Alotau-Kimbe-Kokopo/Rabaul (-5.1%). The Alcoholic Beverages, Tobacco and Betel-Nut Group 12 months to December Quarter 2022 decreased by 5.1 percent.

   2. Housing Group
      The Housing Group decreased by 0.7 percent in this quarter due to the fall in Kerosene (-9.1%). The Housing Group showed decreases in Port Moresby (-0.3%), Lae (-1.2%), Goroka- Mt-Hagen-Madang (-1.2%) and Alatau-Kimbe-Kokopo/Rabaul (-3.2%). The Housing Group 12 months to December Quarter 2022 increased by 1.8 percent.
   3. Transport Group
      The Transport Group decreased by 0.5 percent in this quarter due to the fall in Petrol (-15.3%) and Diesel (-6.8%). The Transport Group showed decreases in Port Moresby (-0.6%), Lae (-1.1%), Alotau-Kimbe-Kokopo/Rabaul (-0.7%) and an increase in Goroka-Mt-Hagen-Madang (+0.7%). The Transport Group 12 months to December Quarter 2022 increased by 10.3 percent.