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Introduction
The Consumer Price Index (CPI) for the month of May 2005 stood
at 134.14. The pervious month (April 2005) CPI stood at 133.92. One year earlier
(May 2004), stood at 132.77.
Monthly Comparison
In a monthly comparison, there were some slight changes
within the subgroups. The first subgroup - Food, Beverage &
Tobacco went up by 0.43 percentage points due to the upward movement in
cost of Tomato Ketchup, Butter (Margarine), Mayonnaise, Carrot and Rice. Furniture & Household
Supplies Subgroup, increased by 0.10 percentage points due to increases
in the cost of Toilet Paper, Liquid Bleaches, Insecticide and
Disinfectants. The Clothing & Footwear Subgroup rose by 0.16
percentage points due to the increase in the cost of Pampers. Services
subgroup went up by 1.07 percentage points due to the upward movement of
Vitamins and Aspirin/Paracetamol and the Miscellaneous Subgroup had a
decrease of 1.84 percentage points due to the downward cost of Hair
Preparation. All the other subgroups - Housing and Transportation remained
unchanged.
Annual Comparison
In an annual comparison, changes were recorded in all of
the subgroups. The Furniture & Household Supplies subgroup, Transportation
and
Miscellaneous subgroups fell by 0.23, 0.36 and 1.26 percentage points
respectively. On the other hand, the Food, Beverage & Tobacco
Subgroup registered an increase
of 2.55 percentage points, while the Housing Subgroup increased by 0.19
percentage points. Clothing & Footwear Subgroup recorded an upward movement of
1.44 percentage points and Services Subgroup rose 2.97 percentage points.
Rate of Inflation
The point-to-point monthly and annual
rate of inflation
stood at 0.16, and 1.03 percent respectively.
TABLE 1
CONSUMER PRICE INDEX: MONTHLY AND ANNUAL COMPARISONS
(MARCH 1995=100)
| SUBGROUPS |
Wt. |
May
2005 |
Apr.
2005 |
Mon.
Comp. |
May
2004 |
Ann.
Comp. |
| Food, Beverage & Tobacco |
268 |
124.87 |
124.33 |
0.43 |
121.76 |
2.55 |
| Housing |
195 |
132.07 |
132.07 |
0.00 |
131.82 |
0.19 |
| Furniture & Household Supplies |
118 |
155.87 |
155.72 |
0.10 |
156.24 |
-0.23 |
| Clothing & Footwear |
151 |
116.56 |
116.38 |
0.16 |
114.91 |
1.44 |
| Transportation |
117 |
146.21 |
146.21 |
0.00 |
146.74 |
-0.36 |
| Services |
99 |
151.12 |
149.52 |
1.07 |
146.76 |
2.97 |
| Miscellaneous |
52 |
131.85 |
134.32 |
-1.84 |
133.52 |
-1.26 |
| All Groups |
1000 |
134.14 |
133.92 |
0.16 |
132.77 |
1.03 |
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