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The
Development Planning Unit
Government of the British Virgin Islands

What's New> Articles>Consumer Price Index April02 Table 1

Introduction

The Consumer Price Index (CPI) for the month of April 2002 stood at 126.8, slightly down from 126.9 recorded for the previous month (March 2002). One year earlier the index stood at 126.0.

Monthly Comparison

The subgroup responsible for the decrease in the monthly index was Food, Beverage & Tobacco subgroup falling by 0.34 percent due mainly to the downward movements in prices of milk, cereal and whisky. Furniture & Household supplies increased by 0.13 percent due to higher prices of toilet paper, aluminum foil and disinfectants. The Miscellaneous subgroup also showed an increase of 0.23 percent due to the higher prices of mainly toothpaste. The other subgroups namely Housing, Clothing & Footwear, Transportation and Services all remained unchanged for the period under review.

Annual Comparison

On an annual comparison all the subgroups indicated significant increases with the exception of Clothing & Footwear, which indicted a 5.49 percent decrease and Miscellaneous which declined by 1.00 percent. Food, Beverage & Tobacco rose by 2.15 percent, Housing rose by 0.53 percent. The Furniture & Household Supplies subgroup registered the largest increase of 3.74 percent followed by Transportation with 2.36 percent. The services subgroup recorded the lowest increase of 0.42 percent.

Rate of Inflation

The point-to-point monthly and annual rates of inflation stood at -0.08 and 0.63 percent respectively.


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

SUBGROUPS WEIGHT APRIL
2002
MARCH
2002
Monthly
Comparison
APRIL
2001
Annual
Comparison
Food, Beverage & Tobacco 268 118.9 119.3 -0.34 116.4 2.15
Housing 195 131.9 131.9 0.00 131.2 0.53
Furniture & Household Supplies 118 149.8 149.6 0.13 144.4 3.74
Clothing & Footwear 151 115.3 115.3 0.00 122.0 -5.49
Transportation 117 134.2 134.2 0.00 131.1 2.36
Services 99 118.8 118.8 0.00 118.3 0.42
Miscellaneous 52 128.1 127.8 0.23 129.4 -1.00
All Groups 1000 126.8 126.9 -0.08 126.0 0.63

 


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