The
Development Planning Unit
Government of the British Virgin Islands

Introduction

The Consumer Price Index (CPI) for the month of august 2002 stood at 126.9, down from the 127.0 observed for the previous month ( July 2002). One year earlier the index stood at 126.9.

Monthly Comparison

The subgroups responsible for the decline in the monthly index were Food, Beverage & Tobacco which fell by 0.34 percent. This was caused by the reduced prices of chicken legs, fruits and vegetables. Furniture & Household Supplies increased by 0.20 percent due to higher prices of detergents and garbage bags. The other subgroups namely Housing ,Clothing & Footwear, Transportation, Services and Miscellaneous all remained unchanged for the period under review. 

Annual Comparison

On an annual comparison two of the seven subgroups indicted declines. Clothing & Footwear fell by 5.16 percent and Services by 1.91 percent .The other subgroups reflected the following increases: Food, Beverage & Tobacco 0.94 percent; Housing 0.08 percent; Furniture & Household Supplies 0.40 percent; Transportation 4.84 percent  and Miscellaneous 0.63 percent .

Rate of Inflation

The point-to-point monthly and annual rate of inflation stood at -0.08 and 0.00 percent respectively.

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

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