Consumer Price Index
Consumer price index for May
During the month of May, the Consumer Price Index increased by 1.0 percent. An inflation rate of 2.4 percent was also recorded during the period. The âAll Itemsâ index stood at 110.7 compared with 109.6 for the previous month.
Of the eleven (11) groups, six (6) witnessed price changes during the period, namely; âFoodâ, âClothing & Footwearâ, âHousingâ, âFuel & Lightâ, âTransport & Communicationâ, and âPersonal Servicesâ.{{more}} The remaining groups, âAlcoholic Beverages & Tobaccoâ, âHousehold Furniture & Suppliesâ, âMedical Care & Expensesâ, âEducationâ, and âMiscellaneousâ were unaffected.
The âFoodâ index witnessed a 1.0 percent increase which was a result of higher prices for food items such as; evaporated milk (4.3 percent), cooking margarine (7.0 percent), turkey wings (6.5 percent), cabbages (8.4 percent), cucumber (18.7 percent), sugar – white (31.8 percent). The 0.1 percent increase in the âClothing & Footwearâ index resulted from a price increase for material – challis (0.4 percent). The âFuel & Lightâ and âTransport & Communicationâ indices also recorded upward movements of 7.2 percent and 2.6 percent respectively. An increase in the price of kerosene oil (33.3 percent) was mainly responsible for the price change in the former while boat fare (33.3 percent) in the latter. The âPersonal Servicesâ index was the sole group to have recorded a decrease during the month (0.5 percent). Lower price for a bottle of deodorant (3.8 percent) mainly contributed to this decline.