An error occured. Details Hide
You have unsaved pages. Restore Cancel

                                          

Resource Center

     

     Home Page

 

 

 

                                                

                                                                                                                   Email  Facebook  Google  LinkedIn  Twitter

 

 COMESA Harmonised Consumer Price Indices (HCPI)

 

 

 

COMESA region annual inflation rate stood at 26.6% in Sept 2017

The year on year, inflation rate (annual percentage change) in the COMESA region as measured by the Harmonized Consumer Price Index (HCPI-COMESA) stood at 26.6% for the month of September 2017, down from 27.0% registered in August 2017. A year earlier, the rate was 13.1%.
The month on month inflation rate in the COMESA region as measured by HCPI-COMESA stood at 0.8% for the month of September 2017, down from 1.3% registered in August 2017. It was 1.1% in September 2016.

The Harmonized Consumer Price Indices (HCPIs) are produced by the COMESA Secretariat in collaboration with the Member States with the aim of measuring inflation in similar ways and can therefore be compared directly with each other without the need for making special adjustments. The HCPIs benefit from incorporating many of the international developments in consumer price index theory and methods in recent years. Further improvements to the HCPI methods are expected in the coming years.


The HCPIs may differ from national consumer price indices which are sometimes designed for different purposes. The HCPIs are designed as a macroeconomic measure of monetary inflation, whilst some national CPIs have other purposes such as cost of living measurement, which may be more suitable for uses such as
wage indexation.


Further information on HCPI methodology can be found from COMSTAT, one of the COMESA Secretariat websites (http://comstat.comesa.int) under HCPI Resources.


The Member States HCPIs are compiled by the Member States themselves, using harmonized methods laid down in COMESA Regulations. The aggregated COMESA figures are compiled by the COMESA Secretariat. An aggregated HCPI is known as an “HCPI-COMESA”. The aggregates are calculated as weighted averages of the national HCPIs, using as weights each country’s total household expenditure in the national accounts converted to a common currency using purchasing power parities supplied by the African Development Bank and the World Bank.

More details can be found in the monthly news releases below.

 

  • COMESA Harmonised Consumer Price Indices (HCPI) - September 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - August 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - July 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - June 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - May 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - April 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - March 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - February 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - January 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - December 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - November 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - October 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - September 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - August 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - July 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - May 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - April 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - March 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - February 2016
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - January 2016