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| What's New> Articles>Consumer Price Index July02 Table 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Consumer Price Index (CPI) for the month of July 2002 stood at 127.0, down from the 127.1 level recorded for the previous month ( June 2002). One year earlier the index stood at 126.1. Monthly Comparison The subgroups responsible for the decline in the monthly index were Food, Beverage & Tobacco, down 0.25 percent, which was caused by the fallen prices of pork chops, potatoes and eggs; Furniture & Household Supplies which decreased by 0.07 percent due to lower prices of disinfectant and fabric softner; and Services which showed a 0.08 percent fall due mainly to reduced prices of cough/cold syrup. The other subgroups namely Housing ,Clothing & Footwear, Transportation and Miscellaneous all remained unchanged for the period under review. Annual Comparison On an annual comparison three of the seven subgroups indicted declines. Clothing & Footwear fell by 5.16 percent, Services by 0.59 percent and Miscellaneous with 1.54 percent drop. The other subgroups reflected the following increases. Food, Beverage & Tobacco increased by 1.63 percent, Housing by 0.08 percent, Furniture & Household Supplies by 0.34 percent and Transportation with the largest increase of 4.84 percent. Rate of Inflation The point-to-point monthly and annual rate of inflation stood at -0.08 and 0.16 percent respectively. TABLE 1
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