Economic Minister Mohamed Saeed announced a new Essential Commodity Price Index tracking key household food prices, to be published by the National Bureau of Statistics within the next two days, covering 162 essential commodities. He said the index would allow real-time monitoring of prices, while noting CPI inflation stood at 3.76 percent as of June.
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Speaking on the state-run Public Service Media (PSM)’s Raajje Miadhu program last night, Minister Saeed emphasized
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This index will allow us to monitor real-time changes in the prices of essential items and take swift, targeted action to stabilize the market
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It will cover a basket of 162 essential commodities
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111 items related to food and beverages frequently consumed by households
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39 varieties of fruits and vegetables
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10 types of fish and fish products
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2 energy products
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the Consumer Price Index (CPI), which stood at 3.76 percent as of June
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