| INFLATION |
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Inflation is an increase of the general level of prices during
a certain period of time, usually one year, one quarter or
one month. The inflation is usually measuring the certain
variation of the call General Index of Prices (CPI) in the
considered period.
CPI is built
starting from inquiries to the expenses of the families
(that allows to determine the relative weight of each type
of goods--- ex: food, education, transports, etc--- in the
structure of medium consumption of the timorese families)
and of the information collected monthly at stores, markets
and similar on the prices verified in the market of a very
vast group of goods and services.
In
Timor-Leste the weights of the several groups of products in
CPI are as follows: foods=56,7% (of which 13,1% are cereals,
particularly the rice); alcohol and tobacco=4,8%; clothing
and footwear=5,4%; Housing=10,2%; Household furnishing=7,9%;
Health=4,2%; recreation and education =3,5%; transports and
communications=4,1%.
The actual
CPI has as base the medium prices of December of 2001, the
one that the index 100 was attributed. Given the specific
characteristics of the expenses with the house acquisition,
it is usual to present the general Index of prices and
another one without the house expenses. The Collect of
prices in Timor-Leste is done monthly in Dili and in some
more, little, capital cities of district, creating an
IPC-Dili and an IPC-national one. Given that the data of
Dili are more entrusted that the one of the rest of the
country, the inflation rate usually presented is the one
verified in Dili.
A very
useful form of calculating the inflation rate is to compare
the evolution of IPC of one month with the one of the same
month of the previous year; it is obtained like what is
called "annual inflation"; the one of December to December
it corresponds to the inflation rate of certain civil year.
The
inflation rate in Timor-Leste can be sought in the database
below built starting from the gathered information and
published by National Statistics Department of the Ministry
of Planning and Finances.
Consumer Price Index
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