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| What's New> Articles>Consumer Price Index June02 Table 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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At the mid-year 2002, the Consumer Price Index (CPI) stood at 127.1. Both the proceeding previous month (May 2002) and the previous quarter ( March 2002) stood 126.9. Half-year earlier (December 2001) the index stood at 126.7. For the same period June 2001, one year earlier the index stood at 126.9. Monthly Comparison The subgroups mainly responsible for the increase in the monthly index were(1) Clothing & Footwear, which increased by 0.17 percent due mainly to the rises in prices of pampers and men's undergarment; and (2) The Transportation subgroup which had the largest increase of 3.35 percent due to the higher prices of new vehicles and vehicle routine service charges. Despite the overall rise in the index, four(4) subgroups declined. Housing decreased by 0.45 percent due to the lower cost of house insurance; Furniture & Household Supplies reduced by 1.00 percent because of the decline in prices of washing machines, color TV's, microwave ovens and computers, The Services subgroup declined by 0.34 percent as a result of the fall in prices of vitamins and hairdressing services, and Miscellaneous fell by 0.31 from a decrease in the price of Musical Instruments. The Food, Beverage & Tobacco subgroup remained unchanged for the period under review. Quarter Comparison The quarterly comparison showed an increase of 0.18 percent as Clothing & Footwear rose by 0.22 percent and Transportation went up by 3.35 percent. Despite the overall increase five subgroups showed declines in the quarterly comparison. Food, Beverage & Tobacco fell by 0.27 percent, Housing went down 0.44 percent, Furniture & Household Supplies decreased by 0.65, Ser vices fell by 0.22 and Miscellaneous went down by 0.05. Half-Year Comparison The half -year comparison between December 2001 and June 2002, the index indicated both significant increases and decreases. The subgroups Food Beverage and Tobacco and Transportation indicated increased of 0.59 percent and 3.05 percent respectively, while Housing, Furniture and Household Supplies, Clothing and Footwear, Services and Miscellaneous showed percent declines of 0.45,0.34,0.09,0.17 and 0.78 respectively. Annual Comparison On an annual comparison three (3)subgroups indicted decreases. Clothing & Footwear fell by 5.25 percent, Services declined by 0.50 and Miscellaneous decreased by 1.92 percent. All the other subgroups indicated increases. Food, Beverage & Tobacco rose by 1.71 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, quarterly, half-year and annual rate of inflation stood at 0.16,0.18,0.32 and 0.16 percent respectively. TABLE 1
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