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By 3%. Why did the consumer price index rise in August?

by Ayaz Ahmet
July 3, 2023
in World
2 min read
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Today, the General Bureau of Statistics released the results of the consumer and wholesale price index for August 2022 AD.

Bulletin results showed that the August 2022 headline consumer price index rose 3.0% year-over-year, August 2021 CE, higher than the previous month, July 2022 ce .e., where he was (2.7%). and this increase is due to a +4% increase in food and beverage prices and +4% transfer rates.

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According to the results of the bulletin, food and beverage price increases had the largest impact on inflation growth in August 2022 compared to August 2021. The Department of Food and Beverage recorded an increase of 4.0%; Driven by a 4.3% increase in food prices and +6.7% for meat and poultry, the Department of Transport recorded a 4.0% increase; The increase in car prices by +4.7% affected.

The housing, water, electricity, gas and other fuels section recorded a 2.5% increase, which was affected by a +2.7% increase in rental housing prices, while the miscellaneous personal goods and services section recorded an increase of 2.1%; A 21.7% rise in prices for wedding hall rentals was hit, while the restaurant and hotel section posted a 7.3% increase; affected by a +7.3% increase in prices for food services, and an increase of 5.7% was recorded in the education department; The increase in prices for secondary and secondary education by +10.1% affected.

On the other hand, the results of the bulletin showed that the overall wholesale price index for August 2022 rose by 5.6% compared to its 2021 counterpart, lower than the previous month (July 2022), which amounted to 6.8%, and the increase in the index was mainly due to an increase in prices for metal products and machinery and equipment by +3.2%.

According to the results of the bulletin, in the section of metal products, machinery and equipment, an increase in wholesale prices by 3.2% was recorded as a result of an increase in prices for general-purpose machines by 10.2%, and prices for manufactured metal products by 6.9%, and in the section of other transport cargo recorded an increase of 4.8% as a result of an increase in prices for basic chemicals by 12.5% ​​and prices for petroleum products by 3.5%, while in the section food, beverages, tobacco and textiles increased by 8.8%; Affected by the increase in prices for meat, fish, fruits and vegetables, oils and fats by (22.3%), as well as prices for cereals, starch and other food products by (5.5%), as well as the section of agricultural and fish products, an increase was recorded by 15% as a result of an increase in prices for agricultural products by 18.3%, prices for livestock rose by 8.7%, and the category of raw materials and minerals increased by 6%; As a result of the increase in prices for stones and sand by 6%.

It should be noted that the General Statistical Office is the official and only statistical directory of statistical data and information in the Kingdom, which carries out all statistical work, technical supervision of the statistical sector, development and implementation of field surveys, statistical research and research. , analysis of data and information, as well as all the work of documenting and preserving information and statistics that cover all aspects of life in the Kingdom from its various sources, its codification, its classification, its analysis and the extraction of its statistical indicators.

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