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Introduction
The Consumer Price Index (CPI) for the month of January 2005 stood
at 133.73. There was s light change from the previous month (December
2004) which stood at 133.71. One year earlier (January 2004), the index stood at
132.51.
Monthly Comparison
In a monthly comparison, there were slight changes in two subgroups
reflecting movement. One of these subgroups was Food, Beverage &
Tobacco which increased by 0.09 percentage points due to the upward movement in
cost of Cheese (cheddar), Tomato Ketchup, Whisky, Mayonnaise and Sweet
Pepper. The other subgroup, Furniture & Household Supplies declined by
0.04 percentage points due to drop in the cost of Disinfectants, Detergents
( soap -powder) and Garbage Bags. All the other subgroups-
Housing, Clothing & Footwear, Transportation and Miscellaneous
remained unchanged.
Annual Comparison
In an annual comparison, the following significant
changes were reflected. In the subgroup Furniture & Household Supplies
there was an increase by 0.35 percentage points Clothing & Footwear
increased by 0.36 percentage points, and the Housing subgroup increased
by 0.19 percentage points. The Food, Beverage & Tobacco subgroup registered an increase
of 2.62 percentage points and the Services subgroup, an increase of 2.18
percentage points. On the other hand, there were two subgroups which
declined - Transportation which dropped by 0.36 percentage points and Miscellaneous
which declined by 0.83 percentage points.
Rate of Inflation
The point-to-point monthly and annual
rate of inflation
stood at 0.02, and 0.92 percent respectively.
TABLE 1
CONSUMER PRICE INDEX: MONTHLY AND ANNUAL COMPARISONS
(MARCH 1995=100)
| SUBGROUPS |
Wt. |
Jan.
2005 |
Dec.
2005 |
Mon.
Comp. |
Jan.
2004 |
Ann.
Comp. |
| Food, Beverage & Tobacco |
268 |
124.09 |
123.98 |
0.09 |
120.93 |
2.62 |
| Housing |
195 |
132.07 |
132.07 |
0.00 |
131.82 |
0.19 |
| Furniture & Household Supplies |
118 |
155.58 |
155.65 |
-0.04 |
155.03 |
0.35 |
| 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 |
133.73 |
133.71 |
0.02 |
132.51 |
0.92 |
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