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Isee said in its monthly consumer price report that consumer prices fell 0.6% in July 2024. The index rose 1.3% last month.
The decline is certainly not spectacular, but it has the merit of being there. In July 2024, the consumer price index in New Caledonia fell by 0.6%, according to the Isee monthly report.
This trend can be explained in particular by the decline in:
- Energy prices (-2.7%), with diesel and gasoline prices both falling sharply in July
- Prices of manufactured goods (-0.7%), “Massive promotions and even clearance sales at certain outlets.”
- Food prices (-0.6%), especially fresh products, due to “Peak production season”
However, the small drop in July did not have much impact on the overall trend: prices have risen by 1% over the past 12 months, with the most significant increases in tobacco (+9.8%), food (+9.8%), +3.6%) and energy (+1.5%).
Last month, the index experienced Sudden increaseat the height of the unrest affecting the territory. It rose 1.3% in June, driven by increases in the prices of food, air transportation and manufactured goods.
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