Consumer price index in Guinea-Bissau rises 3 pct in third quarter

28 October 2015

The consumer price index (CPI) in Guinea-Bissau grew by 3 percent in the third quarter of this year due to price increases of food, alcoholic and non-alcoholic beverages, tobacco, health services, transport, restaurants and hotels.

The information was released Tuesday in Bissau by the Director of the Economic and Financial Statistics Service, Roberto Vieira, on announcing the figures of the Harmonised Consumer Prices Index (HCPI) for the 3rd quarter of this year, prepared by the National Statistics Institute (INE).

The INE report showed that prices of food and non-alcoholic beverages rose 6.5 percent in the third quarter of 2015 compared to the second quarter.

As for prices of alcoholic drinks and tobacco, the document said these grew 2 percent in the third quarter.

According to the CPI clothing and footwear prices fell 1.7 percent while prices of housing services, water, electricity and other fuels declined 2.6 percent.

Transportation services recorded increases of around 5 percent due to the rise in road passenger transport (12.5 percent).

The annual change in the index in the third quarter of 2015 compared to 2014 rose by 1.8 percent. (macauhub/GW)