DPU- BVI: Indicators - Consumer Price Index

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Development Planning Unit
Government of the British Virgin Islands

Indicators> Consumer Price Index

Consumer Price Index FOR THE SECOND QUARTER OF 2006

Introduction

For June 2006, the Consumer Price Index (CPI) stood at 140.00, Whereas for the previous month ( May 2006) the index stood at 139.46. A quarter earlier ( March 2006), the index stood at 138.61. A half-year earlier ( December 2005) the index stood at 136.91. One year ago, ( June 2005) the index stood at 136.30.

Monthly Comparison

The increase in the monthly price index was as a result of changes in the following subgroups: Food, Beverage & Tobacco subgroup increased by 0.62 percentage points due to the increase in the price of Chicken (whole), Beef (ground), Whisky and Lunch. Housing increased by 0.46 percentage points due mainly to increases in the cost of Cement and Cooking Gas. Furniture & Household Supplies declined by 5.06 percentage points due to the decline mainly in the cost of Refrigerator and Detergents( Soap Powder). Clothing & Footwear subgroup increased by 0.17 percentage points due to the increase in the cost of Watches and Men's Pants. The Transportation subgroup decreased by 2.72 percentage points due to the decrease in the price of Car Service (engine tune up). The Services subgroup increased by 10.66 percentage points due to the increase in the cost of Doctor's visit and Vitamins. The Miscellaneous subgroup increased by 0.03 percentage points due to the increase in the cost of Personal Deodorant.

Quarter Comparison

The quarterly comparison there were increases in the following subgroups, Food, Beverage & Tobacco which increased by 1.30 percentage points, Housing subgroup which increased by 4.92 percentage point, Transportation subgroup which increased by 0.17 percentage points, Services subgroup which increased by 10.77 percentage points, and Miscellaneous subgroup by 1.39 percentage points. The subgroups which showed decreases were Furniture & Household Supplies which decreased by 4.92 percentage points and Clothing and Footwear subgroup which also decreased by 0.01 percentage points.

Half-Yearly Comparison

The half-yearly comparison indicated both significant increases and decreases among the different subgroups. Food , Beverage & Tobacco subgroup increased by 3.29 percentage points, Housing subgroup by 0.04 percentage points, Clothing & Footwear subgroup by 0.91 percentage points, Services subgroup by 10.82 percentage points and Miscellaneous by 2.33 percentage points. Transportation subgroup decreased by 0.60 percentage points.

Annual Comparison

On an annual comparison, the Food, Beverage & Tobacco subgroup increased by 5.13 percentage points, Clothing & Footwear subgroup increased by 2.33 percentage points, Transportation subgroup increased by 1.66 percentage points, Services subgroup increased by 11.15 percentage points and Miscellaneous subgroup by 4.83 percentage points. The declining subgroups were: Furniture & Household Supplies which decreased by 0.95 percentage points and Housing subgroup by 2.02 percentage points.

Rate of Inflation

The point-to-point monthly, quarterly, half-yearly and annual rates of inflation stood at 0.38, 1.00, 2.26 and 2.71 percentage points respectively.

TABLE 1
CONSUMER PRICE INDEX: MONTHLY, QUARTERLY, HALF AND ANNUAL COMPARISONS
(MARCH 1995=100)

Subgroups	Weight	June 2006	May 2006	Monthly Comp.	March 2006	Quarterly Comp.
Food, Beverage & Tobacco	268	132.75	131.92	0.62	131.04	1.30
Housing	195	138.77	138.14	0.46	138.14	0.46
Furniture & Household Supplies	118	153.61	161.79	-5.06	161.57	-4.92
Clothing & Footwear	151	119.59	119.39	0.17	119.61	-0.01
Transportation	117	148.60	152.76	-2.72	148.35	0.17
Services	99	168.46	152.23	10.66	152.08	10.77
Misc.	52	136.75	136.71	0.03	134.87	1.39
All Groups	1000	140.00	139.46	0.38	138.61	1.00

TABLE 1 (part 2 of 2)
CONSUMER PRICE INDEX: MONTHLY, QUARTERLY, HALF AND ANNUAL COMPARISONS
(MARCH 1995=100)

Subgroups	Weight	Dec. 2005	Half-Yearly Comp.	June 2005	Annual Comp.
Food, Beverage & Tobacco	268	128.52	3.29	126.27	5.13
Housing	195	138.72	0.04	141.63	-2.02
Furniture & Household Supplies	118	152.78	0.55	155.08	-0.95
Clothing & Footwear	151	118.51	0.91	116.87	2.33
Transportation	117	149.50	-0.60	146.18	1.66
Services	99	152.02	10.82	151.56	11.15
Misc.	52	133.63	2.33	130.45	4.83
All Groups	1000	136.91	2.26	136.30	2.71

TABLE 2
MONTHLY INDEX
(MARCH 1995=100)

	FOOD, BEVERAGES AND TOBACCO	HOUSING	FURNITURE AND HOUSEHOLD SUPPLIES	CLOTHING AND FOOTWEAR	TRANS- PORTATION	SERVICES	MISC.	ALL GROUPS	MONTHLY CHANGES	ANNUAL PER CHANGES
WEIGHT	268	195	118	151	117	99	52	1000
2002
January	118.6	131.9	149.2	115.7	134.6	118.7	128.8	126.8	0.08	1.5
February	119.2	131.9	148.5	115.7	134.6	118.5	127.4	126.8	0.00	1.4
March	119.3	131.9	149.6	115.3	134.2	118.8	127.8	126.9	0.08	-1.01
April	118.9	131.9	149.8	115.3	134.2	118.8	128.1	126.8	-0.08	0.63
May	119.0	131.9	150.1	115.4	134.2	118.9	128.1	126.9	0.08	0.63
June	119.0	131.3	148.6	115.6	138.7	118.5	127.7	0.16	0.16	0.16
July	118.7	131.3	148.5	115.7	138.7	118.4	127.7	127	-0.08	0.16
August	118.3	131.3	148.8	115.7	138.7	118.4	127.7	126.9	-0.08	0.00
September	118.7	131.3	149.0	114.9	138.0	118.4	127.2	126.8	-0.08	0.00
October	118.5	131.3	149.2	115.1	138.0	118.4	128.8	126.9	0.08	0.24
November	119.3	131.3	149.3	115.1	138.0	118.4	128.8	127.1	0.16	0.24
December	119.6	131.7	162.7	117.2	145.2	119.6	134.7	130.5	2.68	3.00
Avg. 2002	118.9	131.6	150.3	115.6	137.3	118.7	128.6	126.9	0.04	0.14
2003
January	119.7	131.7	163.0	117.2	145.2	120.0	134.7	130.6	0.08	3.00
February	120.0	131.7	163.1	117.3	145.2	120.0	134.7	130.6	0.08	3.08
March	121.6	131.7	163.1	118.5	147.7	119.2	133.1	131.4	0.54	3.55
April	121.1	131.7	162.5	118.4	147.7	119.1	133.3	131.2	-0.15	3.47
May	120.7	131.7	162.7	118.4	147.7	118.8	134.5	131.2	0.00	3.35
June	120.4	131.8	161.6	116.4	146.7	145.1	132.8	133.1	1.42	4.69
July	120.7	131.8	161.7	116.4	146.7	145.1	132.6	133.1	0.00	4.84
August	120.9	131.8	161.6	116.4	146.7	145.1	132.5	133.2	0.03	4.93
September	120.8	131.8	155.1	115.5	146.7	145.1	132.5	132.2	-0.73	4.28
October	120.6	131.8	155.1	115.5	146.7	146.3	132.7	132.3	0.07	4.35
November	120.5	131.8	155.1	115.5	146.7	146.3	133.7	132.3	-	4.09
December	120.9	131.8	155.1	115.9	146.7	146.3	133.7	132.5	0.15	1.53
Avg 2003	120.7	131.8	161.6	117.2	146.7	130.8	133.4	131.8	0.12	3.97
2004
January	120.9	131.8	155.0	115.8	146.7	146.3	133.6	132.5	-	1.5
February	120.8	131.8	155.0	115.9	146.7	146.3	133.7	132.5	-	1.5
March	120.9	131.8	155.9	115.0	146.7	146.7	133.6	132.5	0.1	0.9
April	121.4	131.8	156.20	115.0	146.7	146.8	133.5	132.7	0.1	1.1
May	121.8	131.8	156.20	115.0	146.7	146.8	133.5	132.8	0.1	1.2
June	122.0	132.1	156.0	115.4	146.2	149.7	133.8	133.2	0.3	0.1
July	122.1	132.1	156.1	115.4	146.2	149.7	133.7	133.2	0	0.1
August	122.4	132.1	156.2	115.4	146.2	149.5	134.0	133.3	0.1	0.1
September	122.8	132.1	154.9	116.3	146.2	149.5	134.0	133.4	0.1	0.9
October	123.0	132.1	155.0	116.2	146.2	149.5	133.8	133.4	0.1	0.8
November	123.8	132.1	155.1	116.3	146.2	149.5	132.6	133.7	0.1	0.9
December	124.0	132.1	155.6	116.3	146.2	149.5	132.6	133.7	0.1	0.9
Avg. 2004	122.2	132.0	155.6	115.7	146.4	148.3	133.5	133.1	0.1	0.8
2005
January	124.09	132.07	155.58	116.29	146.21	149.52	132.58	133.73	0.02	0.92
February	124.26	132.07	155.53	116.29	146.21	149.52	132.58	133.77	0.03	0.98
March	124.27	132.07	155.72	116.38	146.21	149.52	133.47	133.86	0.06	0.98
April	124.33	132.07	155.72	116.38	146.21	149.52	134.32	133.92	0.05	0.92
May	124.87	132.07	155.87	116.56	146.21	151.12	131.85	134.14	0.16	1.03
June	126.27	141.63	155.08	116.87	146.18	151.58	130.45	136.30	1.61	2.35
July	126.97	141.63	155.09	116.93	146.18	151.63	128.04	136.37	0.06	2.38
August	127.70	141.63	155.34	116.99	146.18	151.49	128.35	136.61	0.17	2.49
September	128.67	141.63	154.16	117.62	150.61	151.40	133.99	137.11	0.74	3.18
October	128.14	141.63	154.47	117.49	155.74	151.14	133.76	138.07	0.32	3.47
November	128.48	141.63	154.46	117.41	150.37	151.33	133.78	137.54	-0.38	2.94
December	128.52	138.72	152.78	118.51	149.50	152.02	133.63	136.91	-0.46	2.39
Avg. 2005	126.38	137.41	154.98	116.98	147.98	150.81	132.23	135.69	0.20	2.00
2006
January	129.10	138.72	152.80	118.63	149.40	152.00	133.63	137.07	0.12	2.50
February	129.34	138.72	152.86	119.02	149.40	152.10	135.49	137.31	0.17	2.64
March	313.04	138.14	161.57	119.61	148.35	152.08	134.87	138.61	0.95	3.55
April	131.68	138.14	161.63	119.38	150.07	152.23	135.19	138.99	0.27	3.78
May	131.92	138.14	161.79	119.39	152.76	152.23	136.71	139.46	0.34	3.97
June	132.75	138.77	153.61	119.59	148.60	168.46	136.75	140.00	0.38	2.71

TABLE 3
MONTHLY AND ANNUAL CHANGES IN THE AVERAGE RETAIL PRICES
FOR A SELECTED BASKET OF GOODS AND SERVICES DECEMBER 2005
(US DOLLARS)

ITEMS		UNIT	MONTHLY COMPARISON				ANNUAL COMPARISON
ITEMS		UNIT	June 2006	May 2006	PRICE CHANGE	% CHANGE	June 2005	PRICE CHANGE	% CHANGE
FOOD
MEATS, FISH, AND POULTRY
1	Beef (ground)	lb.	4.22	3.99	0.24	5.91	4.01	0.22	5.38
2	Chicken (whole)	lb.	2.17	1.90	0.28	14.62	1.52	0.65	42.55
3	Chicken (Legs)	5lb.	6.10	6.24	-0.14	-2.27	6.67	-0.57	-8.54
4	Pork Chops	lb.	2.90	3.02	-0.13	-4.25	2.67	0.23	8.57
5	Fish (frozen)	lb.	4.15	4.13	0.03	0.69	3.29	0.87	26.38
6	Tinned - Tuna	6.5oz	1.19	1.35	-0.15	-11.43	1.15	0.04	3.59
DAIRY PRODUCTS
1	Eggs	doz.	1.92	1.85	0.06	3.44	1.76	0.15	8.58
2	Milk (Diary)	qt.	1.13	1.13	0.00	0.00	1.12	0.01	0.89
3	Milk ( Evaporated)	410g	1.07	1.08	-0.01	-0.58	0.97	0.11	10.87
4	Cheese (Cheddar)	12oz	3.41	3.42	-0.01	-0.22	3.02	0.39	12.90
5	Ice Cream	1/2 gal.	7.07	7.07	0.00	0.00	6.72	0.36	5.32
OILS, FATS, PULPS & PASTE
1	Butter (Margarine)	lb.	1.81	1.81	0.00	0.00	1.81	-0.00	-0.28
2	Vegetables	32oz	4.54	4.55	-0.02	-0.36	3.91	0.63	15.98
3	Tomato Ketchup	12 oz	2.01	2.08	-0.08	-3.61	1.86	0.15	7.80
4	Mayonnaise	16 oz	3.35	3.35	0.00	0.00	3.17	0.18	5.52
5	Salt (Iodized)	26 oz	0.90	0.90	0.00	0.00	0.83	0.06	7.51
FRUITS AND VEGETABLES
1	Onions	lb	1.52	1.53	-0.02	-1.14	1.35	0.17	12.63
2	Potatoes (White)	5lb	4.03	4.06	-0.03	-0.74	3.17	0.87	27.45
3	Tomatoes	lb	2.19	2.23	-0.04	-1.68	2.03	0.16	7.88
4	Sweet Pepper	lb	1.82	1.82	0.00	0.00	1.81	0.01	0.41
5	Lettuce	Head	2.00	2.00	0.00	0.00	1.82	0.17	9.39
6	Carrots	lb	0.85	0.85	0.00	0.00	0.94	-0.10	-10.34
7	Bananas (Ripe)	lb	0.90	0.92	-0.02	-2.05	0.90	-0.00	-0.28
8	Apple	each	0.46	0.46	0.00	0.00	0.42	0.03	8.01
9	Orange/Tangerines	each	0.44	0.45	-0.01	-1.68	0.40	0.04	11.04
JUICES
Orange Juice			2.65	2.65	0.00	0.00	2.40	0.25	10.46
V-8			1.25	1.25	0.00	0.00	1.40	-0.16	-11.20
CEREALS
1	Rice	3lb	5.04	5.04	0.00	0.00	4.55	0.48	10.63
2	Flour	5lb	3.49	3.46	0.04	1.09	3.28	0.21	6.40
3	Corn Flakes (Kellogg's)	12 oz	4.04	4.04	0.00	0.00	3.43	0.61	17.81
4	Bread (Sliced)		2.05	2.05	0.00	0.00	1.93	0.12	6.03
CONFECTIONERY
1	Sugar	5lb	2.14	2.14	0.00	0.00	2.14	0.00	-0.06
2	Chocolate (Milo)	400g	3.71	3.74	-0.02	-0.67	4.38	-0.67	-15.21
BEVERAGE AND TOBACCO
1	Tea (Bags)	24 bags	3.24	3.24	0.00	0.00	2.97	0.28	9.26
2	Coffee	4 oz	4.28	4.28	0.00	0.00	4.44	-0.17	-3.74
3	Sodas	6pk	3.41	3.41	0.00	0.00	3.35	0.05	1.52
4	Beer	6pk	6.54	6.48	0.06	0.94	6.18	0.36	5.84
5	Whisky	bot.	13.05	12.27	0.78	6.34	11.70	1.35	11.51
6	Rum	bot.	8.30	8.30	0.00	0.00	8.03	0.27	3.38
FOOD CONT'D
1	Lunch		10.44	10.13	0.31	3.09	9.49	0.95	10.01
2	Hamburger	each	5.13	5.13	0.00	0.00	5.24	-0.11	-2.15
3	Ham and Cheese Sandwich	each	4.56	4.94	-0.38	-7.59	4.25	0.31	7.35
HOUSING
1	Rented Apartment (1)		625.00	650.00	-25.00	-3.85	650.00	-25.00	-3.85
2	Electricity (2)		50.45	50.45	0.00	0.00	50.45	0.00	0.00
3	Water (3)		243.00	243.00	0.00	0.00	243.00	0.00	0.00
4	Cooking Gas	100lb.	69.67	65.67	4.00	6.09	65.67	4.00	6.09
5	Paint	gal	16.99	16.99	0.00	0.00	35.00	-18.01	-51.46
6	Cement	bag	6.50	5.90	0.60	10.17	5.90	0.60	10.17
7	Nails	each	1.23	1.33	-0.10	-7.55	1.33	-0.10	-7.55
FURNITURE & HOUSEHOLD SUPPLIES
Household Supplies
1	Insecticides	49 oz	5.09	5.07	0.01	0.25	4.71	0.37	7.93
2	Disinfectants	28 oz	3.26	3.33	-0.07	-2.21	3.17	0.09	2.80
3	Liquid Bleaches	32 oz	1.76	1.75	0.01	0.64	1.58	0.19	11.90
4	Detergents (Soap Powder)	each	6.41	6.51	-0.09	-1.44	6.20	0.22	3.47
5	Toilet Paper	4 roll	2.88	2.82	0.06	1.95	3.15	-0.27	-8.61
6	Garbage Bags	5 pc.	3.93	3.93	0.00	-0.03	3.50