The Composite CPI, which is compiled based on the combined expenditure pattern of all households, thus had a less rapid year-on-year increase of 8.8% in October, against 9.2% in September.
Commenting on the CPI figures, a government spokesman said the moderation in consumer price inflation in October was quite broad-based.
Apart from slower increases in the prices of basic foodstuffs and miscellaneous goods, private housing rentals, charges for meals bought away from home and transport fares also moderated further. A faster price increase was however recorded for clothing and footwear, and charges for miscellaneous consumer services.
Analysed by component, those components recording faster increases than the overall average for October 1995 were housing (11.5% in the CPI(A), 12.6% in the CPI(B) and 12.8% in the Composite CPI); and miscellaneous services (11.1%, 10.2% and 9.8%).
On the other hand, those components recording relatively slower increases than the overall average were miscellaneous goods (3.6% in the CPI(A), 3.9% in the CPI(B) and 3.9% in the Composite CPI); durable goods (4.2%, 4.3% and 4.5%); fuel and light (5.7%, 5.8% and 5.5%); alcoholic drinks and tobacco (6.9%, 6.6% and 6.7%); meals bought away from home (6.9%, 6.7% and 6.3%); transport (7.0%, 7.3% and 7.0%); and food (excluding meals bought away from home) (8.2%, 8.1% and 8.1%).
Comparing October 1995 with September 1995, the CPI(A) and CPI(B) increased by 0.1% and 0.6% respectively. The corresponding increase for the Composite CPI was 0.5%.
Taking the first ten months together, the increase in the CPI(A) and CPI(B) averaged at 9% and 9.5% respectively over a year earlier. The corresponding increase for the Composite CPI was 9.4%.
For the three months ended October 1995, the CPI(A) and CPI(B) were, on average, higher by 8.5% and 9% respectively over a year earlier. The corresponding increase for the Composite CPI was 9%.
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