The National Planning Council issued the consumer price index for the month of May 2024, and the index reached 107.59 points, recording a slight increase of 0.44% compared to the previous month, April 2024, and by 0.93% compared to the corresponding month (May) of 2023.
The Council’s monthly report stated that when comparing the main components of the index for May with the previous month, April 2024 (monthly change), it became clear that there was an increase in five groups, a decrease in four groups, and a stability in the number in three other groups.
The report indicated that the increase occurred in the entertainment and culture group by 3.19%, followed by the food and beverages group by 1.48%, the other goods and services group by 0.28%, the furniture and home appliances group by 0.16%, and the transportation group by 0.12%. As for the decrease, it occurred in the communications group by 1.03%, followed by the housing, water, electricity, gas and other types of fuel group by 0.91%, the clothing and shoes group by 0.20%, and a small relative decrease that was close to constant in the education group by 0.04%, while it did not occur. No change to the following groups: Tobacco, Health, Restaurants and Hotels
The report also explained that when comparing last May with the corresponding month in 2023 (annual change), it was found that there was an increase in the general index by 0.93%, which is the result of an increase in five groups: the entertainment and culture group by 11.97%, and the food group. And beverages by 4.62%, the education group by 3.37%, the other goods and services group by 2.49%, and the transportation group by 0.82%.
The indices for the rest of the basket groups showed a decline, as the Communications group recorded a decline of 12.73%, followed by the Housing, Water, Electricity, Gas and Other Fuels group by 3.39%, the Restaurants and Hotels group by 1.86%, the Health group by 1.77%, and the Furniture and Home Appliances group by 1.75%. And the clothing and shoes group by 0.25%, and there was no change in the tobacco group.
The report also pointed out that when calculating the consumer price index for the month of May 2024, after excluding the group of housing, water, electricity, gas and other types of fuel, it reached the point 111.02, recording an increase of 0.76% compared to the previous month (April 2024), and an increase of 1.98% compared to The corresponding month is 2023.
