The December CPI figures have been released. They show Dili having 8.6% growth in the CPI index in 2007.
|Timor-Leste CPI 12 months to end of December 2007||TL||Dili|
|Alcohol and tobacco||5.4%||4.3%|
|Clothing and footwear||6.3%||15.9%|
|Household furnishings, supplies and services||-0.3%||0.8%|
|Recreation and education||-2.9%||0.1%|
|Transport and communication||3.8%||6.2%|
|All groups excluding Housing||8.2%||8.8%|
It is hard to come up with sufficient anecdotal evidence to comment on much of it but food seems to be more expensive. I would have thought the expat housing growth rate to be much higher than 6.5%. This is based on what I have heard recently on rent increases. I wonder how many people have been covered by 8.6% rises in income ?