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Development Planning Unit
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What's New> Articles>Consumer Price Index September02 Table 1

Introduction

The Consumer Price Index (CPI) for the month of September 2002 stood at 126.8, down from the 126.9 as recorded in the previous month ( August 2002). One year earlier the index stood at 126.8.

Monthly Comparison

The subgroups responsible for the decline in the monthly index were Clothing & Footwear which fell by 0.69 percent, due to a decrease in the price of ladies dresses and men's pant. Transportation on the other hand, fell by 0.50 percent due to a decrease in the price of bicycles, while the miscellaneous subgroup showed a 0.39 percent decline due mainly to reduced prices of toothpaste. Despite the overall decrease in the index two subgroups increased. Food, Beverage & Tobacco rose by 0.34 percent due to rising prices of hamburgers and carrots while furniture and Household Supplies subgroup increased by 0.13 percent as a result of higher prices of detergents and aluminum foil. The other subgroups, Housing and Services remained unchanged for the period under review.

Quarterly Comparison

The quarterly comparison showed a decrease of 0.24 percent for Food, Beverage & Tobacco which fell by 0.25, Clothing & Footwear down 0.61 percent, Transportation by 0.08 percent and Miscellaneous 0.39 percent. Furniture & Household Supplies subgroup on the other hand, showed an increase of 0.27 percent, while house subgroup remained unchanged.

Annual Comparison

On an annual comparison four of the seven subgroups indicated a decline. Furniture & Household Supplies fell by 1.00 percent, Clothing & Footwear by 3.20 percent, Services subgroup by 0.67 percent and Miscellaneous fell by 0.55 percent. The other subgroups reflected the following increases: Food, Beverage & Tobacco increased by 0.76 percent; Housing 0.08 percent and Transportation 4.84 percent increase.

Rate of Inflation

The point-to-point monthly, quarterly and annual rate of inflation stood at -0.08, -0.24 and 0.00 percent respectively.

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

SUBGROUPS	Wt.	Sept. 2002	Aug. 2002	Monthly Comp.	June 2002	Quarterly Comp.	Sept 2002	Annual Comp.
Food, Beverage & Tobacco	268	118.7	118.3	0.34	119.0	-0.25	117.8	0.76
Housing	195	131.3	131.3	0.00	131.3	0.00	131.2	0.08
Furniture & Household Supplies	118	149.0	148.8	0.13	148.6	0.27	150.5	-1.00
Clothing & Footwear	151	114.9	115.7	-0.69	115.6	-0.61	118.7	-3.20
Transportation	117	138.0	138.7	-0.50	138.7	-0.50	132.3	4.31
Services	99	118.4	118.4	0.00	118.5	-0.08	119.2	-0.67
Miscellaneous	52	127.2	127.7	-0.39	127.7	-0.39	127.9	-0.55
All Groups	1000	126.8	126.9	-0.08	127.1	-0.24	126.8	0.00

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