The
Development Planning Unit
Government of the British Virgin Islands

Introduction

The Consumer Price Index (CPI) for the month of July 2004 stood at 133.2. The index for the previous month ( June 2004) was at 133.2, whereas one year earlier (July 2003) the index stood at 133.1. 

Monthly Comparison

Changes in prices were not such that they could change the overall index. The upward and downward movements in prices balanced out each other . The Food, Beverage & Tobacco subgroup remained unchanged. Housing, Clothing Footwear, Transportation and Services all remained unchanged for the period. Furniture & Household Supplies increased by 0.1 percent due to the increase in the price of garbage bag. The Miscellaneous subgroup on the other hand fell by 0.1 percent due to the fall in the price of toothpaste.

Annual Comparison

On an annual comparison, the subgroups that indicated  increases were Food, Beverage & Tobacco ( 1.1 percent), Housing ( 0.2 percent) and Services (3.20 percent) and Miscellaneous by (0.8 percent). On the other hand, the subgroups, which showed decrease, were furniture & Household Supplies (-3.5 percent) .Clothing & Footwear (-0.8 percent) and Transportation (-0.3 percent). 

Rate of Inflation

The point-to-point monthly and annual rates of inflation stood at 0.0 percent and 0.1 percent respectively.

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

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