CPI for March 2023 rose 11.7 per cent

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The Consumer Price Index (CPI) for March 2023 rose 11.7 per cent compared to March 2022.

This was mainly influenced by the increase in the Imported goods component by 13.9 per cent from the same month last year as a result of higher prices for imported food, building materials, kerosene, kerosene stove, laptop and toiletries.

 The Local goods component also contributed to the increase when it went up by 9.4 per cent on a year-on-year (y-o-y) basis, due to higher prices for local food, meals, phone calls, internet and airline fares.

Food & Non-Alcoholic Beverages was the largest contributor to the 11.7 per cent rise in the CPI in March 2023, with a contribution of 8.7 percentage points to the overall increase in March 2023. 

The most significant drivers of this within the group were chicken leg quarters (up 27.9%), flour (up 47.8%), devondale milk (up 41.4%), anchor milk (up 32.4%), koko Samoa (up 58.5%), corned beef palm (up 30.4%), cooking oil (up 30.2%), round pancake (up 33.3%), mineral water (up 31.6%), cucumber (up 31.4%), tomato (up 50.8%), round cabbage (up 72.0%) and ta’amu which increased more than fourfold over its average price in March 2022. 

The next largest contributor was Transport with a contribution of 0.9 pp, increasing 6.0% compared to March 2022. 

The greatest drivers of this increase were petrol increasing 3.0%, diesel increasing 15.8%and airfares (Apia-Pago-Apia) rising 71.1% & (Apia-Auckland-Apia) up 17.9% from the same month of the previous year.

Communication also contributed 0.7 pp due to the increase of 27.9% in mobile phone calling per minute and internet data bundle up 32.0%.