{"id":1071,"date":"2023-06-22T17:23:14","date_gmt":"2023-06-22T15:23:14","guid":{"rendered":"https:\/\/sada.ly\/en\/2023\/06\/22\/report-on-consumer-price-index-and-inflation\/"},"modified":"2023-06-22T17:23:14","modified_gmt":"2023-06-22T15:23:14","slug":"report-on-consumer-price-index-and-inflation","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/report-on-consumer-price-index-and-inflation\/","title":{"rendered":"<strong>Report&nbsp;<\/strong><strong>on<\/strong><strong>&nbsp;Consumer<\/strong><strong>&nbsp;Price Index and Inflation<\/strong>"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Research and statistics Department in the Central Bank of Libya published today the report on inflation for the month of May 2023<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Data released by\u00a0<strong>the<\/strong>\u00a0<strong>Bureau of Statistics and Census &#8211; Ministry of Planning<\/strong>\u00a0indicate that the consumer price index increased by\u00a07.3\u00a0points on an\u00a0<strong>annual basis<\/strong>\u00a0during\u00a0May\u00a02023\u00a0to record\u00a0295.2\u00a0points, compared to\u00a0287.9\u00a0points during the same\u00a0month\u00a0of 2022,\u00a0which means that the\u00a0<strong>inflation rate<\/strong>\u00a0reached\u00a0<strong>(2.5%).<\/strong>\u00a0Hence,\u00a0<strong>on a monthly basis<\/strong>,\u00a0the inflation rate\u00a0increased by<strong>(0.1%)<\/strong>\u00a0in\u00a0May,\u00a0compared with that of\u00a0April2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>First:&nbsp;<\/strong><strong>Analysis on an annual basis<\/strong><strong>:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;inflation rate during May 2023 increased by 2.5% (on an annual basis) in all commodity groups except for the communication group, the most prominent of which was as&nbsp;follows:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of increased<\/strong><strong>&nbsp;<\/strong><strong>food group<\/strong><strong>s<\/strong><strong>&nbsp;by&nbsp;<\/strong><strong>3.<\/strong><strong>8<\/strong><strong>%<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of<\/strong><strong>&nbsp;<\/strong><strong>other goods and services<\/strong><strong>increased by&nbsp;<\/strong><strong>2.5<\/strong><strong>%<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of the<\/strong><strong>&nbsp;transportation group<\/strong><strong>increased by&nbsp;<\/strong><strong>2.4<\/strong><strong>%.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The&nbsp;<\/strong><strong>prices<\/strong><strong>&nbsp;of<\/strong><strong>&nbsp;clothing and shoes group<\/strong><strong>increased by&nbsp;<\/strong><strong>2.<\/strong><strong>4<\/strong><strong>%<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The&nbsp;<\/strong><strong>prices<\/strong><strong>&nbsp;of&nbsp;<\/strong><strong>heal<\/strong><strong>t<\/strong><strong>h<\/strong><strong>&nbsp;group&nbsp;<\/strong><strong>increased by&nbsp;<\/strong><strong>2.<\/strong><strong>3<\/strong><strong>%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;The&nbsp;prices&nbsp;of&nbsp;the&nbsp;furniture and household equipment&nbsp;group&nbsp;increased by&nbsp;1.7%.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Second<\/strong><strong>: Analysis&nbsp;<\/strong><strong>on a monthly basis<\/strong><strong>:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The inflation rate during&nbsp;May&nbsp;2023&nbsp;increased&nbsp;by&nbsp;<strong>0.<\/strong><strong>1<\/strong><strong>%<\/strong>&nbsp;(on&nbsp;a&nbsp;monthly&nbsp;basis),&nbsp;which&nbsp;was&nbsp;due to the&nbsp;slight&nbsp;rise in some commodity groups, which were as follows:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of&nbsp;<\/strong><strong>food groups<\/strong><strong>&nbsp;increased by&nbsp;<\/strong><strong>0.1<\/strong><strong>%<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of&nbsp;<\/strong><strong>health groups<\/strong><strong>&nbsp;increased by&nbsp;<\/strong><strong>0.<\/strong><strong>1<\/strong><strong>%<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8211;&nbsp;<\/strong><strong>The prices of&nbsp;<\/strong><strong>Housing, Water, Electricity, Gas, and other Fuel<\/strong><strong>&nbsp;<\/strong><strong>increased by&nbsp;<\/strong><strong>0.<\/strong><strong>1<\/strong><strong>%.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Research and statistics Department in the Central Bank of Libya published today the report on inflation for the month of May 2023 Data released by\u00a0the\u00a0Bureau of Statistics and Census &#8211; Ministry of Planning\u00a0indicate that the consumer price index increased by\u00a07.3\u00a0points on an\u00a0annual basis\u00a0during\u00a0May\u00a02023\u00a0to record\u00a0295.2\u00a0points, compared to\u00a0287.9\u00a0points during the same\u00a0month\u00a0of 2022,\u00a0which means that the\u00a0inflation rate\u00a0reached\u00a0(2.5%).\u00a0Hence,\u00a0on a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Report&nbsp;on&nbsp;Consumer&nbsp;Price Index and Inflation - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/report-on-consumer-price-index-and-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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