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Introduction
The Consumer Price Index (CPI) for the month of ( July 2006) stood at
140.11. There was a slight increase from the previous month ( June 2006) which stood at
140.00. One year earlier
( July 2005), the index stood at 136.37.
Monthly Comparison
In a monthly comparison, there were increases in some of the subgroups. The Food, Beverage & Tobacco subgroup
increased by 0.21 percentage points due to the upward movements in the
price of Chicken (Whole), Eggs and Vegetable oils. Furniture & Household
Supplies increased by 0.03 percentage points due to the increase in the
cost of Disinfectants and Toilet Paper. Miscellaneous subgroup increased by
0.45 percentage points due to the upward movement price in Lotion and Toilet
Soap. The subgroups which remained unchanged were Housing, Clothing &
Footwear, Transportation and
Services. There were no decreases in any subgroup.
Annual Comparison
In an annual comparison, there were changes in the
following subgroup. The Food, Beverage & Tobacco subgroup increased by
4.77 percentage points, Clothing & Footwear subgroup
registered an increase of 2.28 percentage points, Transportation subgroup increased
by 1.66 percentage points, Services subgroup increased by 11.10
percentage points and Miscellaneous subgroup increased by 7.28
percentage points. The subgroups which showed decreases were the Housing subgroup,
which decreased by 2.02
percentage points and Furniture & Household Supplies subgroup which
decreased by 0.92 percentage points.
Rate of Inflation
The point-to-point monthly and annual
rates of inflation
stood at 0.08 and 2.74 percentage points respectively.
TABLE 1
CONSUMER PRICE INDEX: MONTHLY AND ANNUAL COMPARISONS
(MARCH 1995=100)
| SUBGROUPS |
Wt. |
July
2006 |
June
2005 |
Mon.
Comp. |
July
2005 |
Ann.
Comp. |
| Food, Beverage & Tobacco |
268 |
133.03 |
132.75 |
0.21 |
126.97 |
4.77 |
| Housing |
195 |
138.77 |
138.77 |
0.00 |
141.63 |
-2.02 |
| Furniture & Household Supplies |
118 |
153.66 |
153.61 |
0.03 |
155.09 |
-0.92 |
| Clothing & Footwear |
151 |
119.59 |
119.59 |
0.00 |
116.93 |
2.28 |
| Transportation |
117 |
148.60 |
148.60 |
0.00 |
146.18 |
1.66 |
| Services |
99 |
168.46 |
168.46 |
0.00 |
151.63 |
11.10 |
| Miscellaneous |
52 |
137.36 |
136.75 |
0.45 |
128.04 |
7.28 |
| All Groups |
1000 |
140.11 |
140.00 |
0.08 |
136.37 |
2.74 |
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