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| What's New> Articles>Consumer Price Index May02 Table 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Consumer Price Index (CPI) for the month of May 2002 stood at 126.9, up from 126.8 for the previous month (April 2002). One year earlier the index stood at 126.1. Monthly Comparison The subgroup responsible for the increase in the monthly index were Food, Beverage & Tobacco which increased by 0.08 percent. This was caused by the higher prices of chicken legs, onions and rice. Furniture & Household Supplies increased by 0.20 percent due to higher prices of disinfectants and liquid bleaches. The Clothing & Footwear subgroup showed a 0.09 percent increase due to the increased price of pampers. Services registered a 0.08 percent increase due to the upward movement in the prices of cough syrup and vitamins. The other subgroups namely Housing, Transportation and Miscellaneous all remained unchanged for the period under review. Annual Comparison On an annual comparison three (3) of the seven (7) subgroups declined. Clothing & Footwear fell by 5.41 percent, Miscellaneous by 1.23 percent and Services by 0.17 percent. The other subgroups showed increases. Food, Beverage & Tobacco increased by 2.15 percent, and Housing by 0.53 percent. The Furniture & Household Supplies subgroup recorded the largest increase of 4.09 percent followed by Transportation with 2.36 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
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