The
Development Planning Unit
Government of the British Virgin Islands

Introduction

The Consumer Price Index (CPI) for the month of November 2002 stood at 127.1 up from the 126.9 recorded in the previous month (October 2002). One year earlier the index stood at 126.8.  

Monthly Comparison

The subgroups responsible for the increase in the monthly index were Food, Beverage & Tobacco which rose by 0.68 percent, due to an increase rise in the prices of ground beef, cheese and beverages such as tea, coffee and beer. The  Furniture & Household Supplies subgroup also contributed to the increase with a 0.07 percent change which was mainly associated with higher prices of liquid bleaches. The other subgroups namely Housing, Clothing & Footwear, Transportation, Services and Miscellaneous remained unchanged for the period under review.

Annual Comparison

On an annual comparison, three of the seven subgroups indicated a decline. Furniture & Household Supplies fell by 0.73 percent, Clothing & Footwear by 3.03 percent and Services 0.75 percent. The other subgroups reflected the following increases Food, Beverage & Tobacco increased by 1.36 percent; Housing 0.08 percent, Transportation 4.31 percent and Miscellaneous 0.08 percent. 

Rate of Inflation

The point-to-point monthly, quarterly and annual rate of inflation stood at 0.16 and 0.24 percent respectively.

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

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