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0.2 decrease in Consumer Price index for July

Radio & TV Tonga, Nuku’alofa, 29/08/2017

The Statistics Department have recorded a 0.2% decrease in the Consumer Price Index for the month of July 2017. The local index recorded a decrease of over 2% and the import index increased by over 1%.

 

From the Statistics Department, ‘Ofa Takai, stated the annual rate of inflation for July was 7% in comparison to a 10% inflation for the previous month.

 

From the month of March 2017, there has been very little increase in the consumer price index but the month of July marks the lowest consumer price index recorded this year.

 

 

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