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 COMESA Harmonised Consumer Price Indices (HCPI)

 

 

 

COMESA region annual inflation rate stood at 19.4% in March 2018

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 19.4% for the month of March 2018, down from 19.9% registered in February 2018. A year earlier, the rate was 26.0%.
The month on month inflation rate in the COMESA region as measured by HCPI-COMESA stood at 1.2% for the month of March 2018, up from 1.0% registered in March 2018. It was 1.6% in March 2017.
HCPI-COMESA comprises of twelve divisions of expenditure. These divisions registered the following average price changes during the month of March 2018 compared with March 2017.
Food & Non-alcoholic Beverages (+17.7%); Alcoholic Beverages and Tobacco (+20.2%); Clothing and Footwear (+21.2%); Housing, Water, Electricity, Gas and Other Fuels (+11.2%); Furnishings, Household Equipment and Routine Household Maintenance (+24.4%); Health (+15.7%); Transport (+24.2%); Communication (+16.4%); Recreation and Culture (+44.3%); Education(+13.9%); Restaurants and Hotels (+21.1%); and Miscellaneous Goods and Services (+26.1%)


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) - March 2018
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - February 2018
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - January 2018
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - December 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - November 2017
     
  • COMESA Harmonised Consumer Price Indices (HCPI) - October 2017
     
  • 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
     

 

 

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