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Introduction
The Consumer Price Index (CPI) for the month of February
2005 stood
at 133.77. The pervious month (January 2005) CPI stood at 133.73. One year earlier
(February 2004), the index stood at 132.47.
Monthly Comparison
In a monthly comparison, there were only two subgroups
that reflected any movement. The first subgroups- Food, Beverage &
Tobacco went up by 0.13 percentage points due to the upward movement in
cost of Chicken ( Legs), Cheese (cheddar), Vegetable oils, Sweet
Pepper and Lettuce. The other subgroup was Furniture & Household Supplies,
which declined by 0.03 percentage points due to fall in the cost of
Detergents ( soap -powder) and Liquid Bleaches. All the other subgroups-
Housing, Clothing & Footwear, Transportation and Miscellaneous
remained unchanged.
Annual Comparison
In an annual comparison, changes were recorded in all of
the subgroups. The Transportation and Miscellaneous subgroups fell by
0.36 and 0.83 percentage points respectively. On the other hand,
the Food, Beverage & Tobacco subgroup registered an increase
of 2.90 percentage points, while the Housing subgroup increased by 0.19
percentage points. Furniture & Household Supplies recorded an
upward movement of 0.32, while Clothing & Footwear increased by 0.36
percentage points and Services by 2.18 percentage points.
Rate of Inflation
The point-to-point monthly and annual
rate of inflation
stood at 0.03, and 0.98 percent respectively.
TABLE 1
CONSUMER PRICE INDEX: MONTHLY AND ANNUAL COMPARISONS
(MARCH 1995=100)
| SUBGROUPS |
Wt. |
Feb.
2005 |
Jan.
2005 |
Mon.
Comp. |
Feb.
2004 |
Ann.
Comp. |
| Food, Beverage & Tobacco |
268 |
124.26 |
124.09 |
0.13 |
120.76 |
2.90 |
| Housing |
195 |
132.07 |
132.07 |
0.00 |
131.82 |
0.19 |
| Furniture & Household Supplies |
118 |
155.53 |
155.58 |
-0.03 |
155.04 |
0.32 |
| Clothing & Footwear |
151 |
116.29 |
116.29 |
0.00 |
115.87 |
0.36 |
| Transportation |
117 |
146.21 |
146.21 |
0.00 |
146.74 |
-0.36 |
| Services |
99 |
149.52 |
149.52 |
0.00 |
146.32 |
2.18 |
| Miscellaneous |
52 |
132.58 |
132.58 |
0.00 |
133.69 |
-0.83 |
| All Groups |
1000 |
133.77 |
133.73 |
0.03 |
132.47 |
0.98 |
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