{"id":7674,"date":"2022-06-16T15:54:05","date_gmt":"2022-06-16T15:54:05","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9"},"modified":"2022-06-16T16:39:56","modified_gmt":"2022-06-16T16:39:56","slug":"inflation-rate-standing-at-3-9","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9","title":{"rendered":"INFLATION RATE STANDING AT 3.9%"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The Consumer Price Index for May has indicated that transport (1.36 per cent), food and non-alcoholic beverages (1.1 per cent) as well as the housing and utilities (0.9 per cent) categories respectively contributed significantly to the headline inflation rate of 3.9 per cent.<\/b><\/p>\n

According to the Director of Statistics, Amos Zwane this means that out of the 3.9 per cent inflation rate, 3.3 per cent was contributed by the above named categories.<\/p>\n

Zwane said for over half a century, the Central Statistical Office (CSO) had been compiling the Consumer Price Index (CPI) for the country. He explained that the CPI was an economic indicator which was primarily used to calculate national inflation rate figures as well as the Harmonised Consumer Price Indices (HCPI) for both COMESA and the SADC regions.<\/p>\n

\u201cApart from monitoring a country’s economic performance, the CPI has been mainly used for deflating national accounts, inflation targeting and forecasting and proxy for wages and salary adjustments, among others,\u201d Zwane stated.<\/p>\n

According to the report released by Zwane\u2019s office, the headline inflation rate in May (such as the annual percentage change in the CPl in May compared with that of May 2021) for the country is 3.9 per cent.<\/p>\n

This annual rate is 0.1 per centage points lower than the corresponding annual rate of 4.0 per cent observed in April .<\/p>\n

It is mentioned that the month on month inflation rate (such as the per centage change in the CPI in May compared with that of April) is -0.1 per cent.<\/p>\n

The lower headline inflation according to Zwane was due to decreasing annual rates of change reflected in May in the price indices for; furnishing, household equipment and routine household maintenance which decreased from 4.5 per cent in April to -1.2 per cent in May.Zwane in the report further stated that major household appliances, domestic and household services, mainly resulted to the lower index in this category.<\/p>\n

According to the report miscellaneous goods and services decreased from 3.2 per cent in April to one per cent in May.<\/p>\n

\u201cThis is due to notable rates of price decreases in other appliances, articles and products for personal care; other financial services and electrical appliances for personal care, resulting to the lower index in this category,\u201d the report read.<\/p>\n

The report further states that alcoholic beverages, tobacco and narcotics decreased from 2.6 per cent in April to 1.0 per cent in May.<\/p>\n

This decrease, the report stated was due to lower prices recorded in wine and tobacco, resulting to a lower index in this category.<\/p>\n

\u201cThe decreasing rates were slightly counteracted by increasing rates of growth in the price indices for: Health which increased from 0.7 per cent in April to 22.2 per cent in May.<\/p>\n

The increase is due to higher prices recorded in outpatient services (medical services), resulting in a higher index in this category,\u201d the report read.<\/p>\n

It is mentioned that clothing and footwear increased from 3.0 per cent in April to 3.8 per cent in May.<\/p>\n

This, according to the report, was due to higher prices recorded in shoes and garments, contributing to the higher index in this category. It was mentioned that restaurants and hotels increased from 0.2 per cent in April to 0.8 per cent in May.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The Consumer Price Index for May has indicated that transport (1.36 per cent), food and non-alcoholic beverages (1.1 per cent) as well as the housing and utilities (0.9 per cent) categories respectively contributed significantly to the headline inflation rate of 3.9 per cent. According to the Director of Statistics, Amos Zwane this […]<\/p>\n","protected":false},"author":84,"featured_media":7673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,248,249],"class_list":["post-7674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nINFLATION RATE STANDING AT 3.9% - Eswatini<\/title>\n<meta name=\"description\" content=\"The Consumer Price Index for May has indicated that transport (1.36 per cent), food and non-alcoholic beverages (1.1 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INFLATION RATE STANDING AT 3.9%\" \/>\n<meta property=\"og:description\" content=\"The Consumer Price Index for May has indicated that transport (1.36 per cent), food and non-alcoholic beverages (1.1 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-16T15:54:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-16T16:39:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/06\/postQueueImg_6-62ab5cb79175f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"INFLATION RATE STANDING AT 3.9%\",\"datePublished\":\"2022-06-16T15:54:05+00:00\",\"dateModified\":\"2022-06-16T16:39:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\"},\"wordCount\":539,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/06\/postQueueImg_6-62ab5cb79175f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/inflation-rate-standing-at-3-9\",\"name\":\"INFLATION RATE STANDING AT 3.9% - 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