Page 43 - Issue-30-En

ELITE Vol.1, Issue 30, April 2021 Happy

Ramadan

Approaching the holy month of Ramadan economically: Does a
pandemic have any impact on the CPI during Ramadan?

ASSILE MOSTAFA, 2ND LEVEL, ECONOMICS

This article aims to analyse the effects of a To proceed:
pandemic on Ramadan, The holy month What is the CPI?

celebrated by many countries, and which The CPI (Consumer price index) is the
is characterized by an increase in the CPI, measurement of fluctuations in the prices of
requiring seasonal adjustment. However a typical basket of goods consumed by a
this article is not based on statistics and it population. It is an important index,
merely studies possible hypothesis and associated with measuring the cost of life,

possible effects resulting from the used to measure inflation (rising prices), to
interaction of two ‘abnormal’ periods construct other important economic indexes.
regarding the measurement of the CPI: It is widely compared between countries,

The month of Ramadan and the Covid-19 and an accurate measurement of it is
pandemic, according to basic economic needed for anticipations of production and
theories and Laws. economic growth.
Indeed such events impact many if not all What’s special about the CPI during
aspects of our lives, thus I found it Ramadan?

interesting to study the interaction between We’re studying the effects of several
these two unprecedentedly coexisting dimensions combined together on the CPI:
events, and their potential impact on the First of all, the month of Ramadan is

CPI. characterized by an increase in household
consumption of food and consequently an
increase of their prices.
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