In June, the Consumer Price Index (CPI) recorded a moderate month-on-month increase of 0.2 per cent, attributed to a 0.3 per cent increase in non-food prices. Meanwhile, the prices of food and non-alcoholic beverages registered a marginal decrease of 0.02 per cent.
The month-on-month increase in non-food prices was contributed by the prices of clothing and footwear (2.9 per cent); transport (0.4 per cent); and recreation and culture (0.4 per cent). The increase in the clothing and footwear prices was in line with the rise in the price of clothing materials. Meanwhile, the decrease in the prices of food and non-alcoholic beverages was contributed by fish and seafood (2.4 per cent); vegetables (0.4 per cent); and meat (0.3 per cent).
For year-on-year changes, the CPI increased by 0.2 per cent compared to June 2022. The rise was driven by a 2.2 per cent increase in food and non-alcoholic beverages prices.
Meanwhile, non-food prices recorded a decrease of 0.3 per cent.
The year-on-year increase in food and non-alcoholic beverages prices was due to the rise in the prices of rice and cereals (4.8 per cent); milk, dairy products and eggs (4.3 per cent); and meat (1.8 per cent). The increase in rice and cereals prices was mainly driven by the rise in the prices of raw materials for bakery. Whereas, the increase in the prices of eggs was one of the main components which contributed to the rise in milk, dairy products and eggs prices.
However, the year-on-year increase was moderated by a decrease in non-food prices such as communication (3.1 per cent); and transport (3.0 per cent). The decrease in the prices of communication was in line with the decline in prices of telephone and telefax services.
Meanwhile, the fall in transport prices was mainly due to the decrease in the prices of air fares and motor cars.
