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The
Development Planning Unit
Government of the British Virgin Islands

What's New> Articles>Consumer Price Index June 06 Table 1


Introduction

For June 2006, the Consumer Price Index (CPI)  stood at 140.00, Whereas for the previous month ( May 2006) the index stood at 139.46. A quarter earlier ( March 2006), the index stood at 138.61. A half-year earlier ( December 2005) the index stood at 136.91. One year ago, ( June 2005) the index stood at 136.30. 

Monthly Comparison

The increase in the monthly price index was as a result of changes in the following subgroups: Food, Beverage & Tobacco subgroup increased by 0.62 percentage points due to the increase in the price of Chicken (whole), Beef (ground), Whisky and Lunch. Housing increased by 0.46 percentage points due mainly to increases in the cost of Cement and Cooking Gas. Furniture & Household Supplies  declined by 5.06 percentage points due to the decline mainly in the cost of Refrigerator and Detergents( Soap Powder). Clothing & Footwear subgroup increased by 0.17 percentage points due to the increase in the cost of Watches and Men's Pants. The Transportation subgroup decreased by 2.72 percentage points due to the decrease in the price of Car Service (engine tune up). The Services subgroup increased by 10.66 percentage points due to the increase in the cost of Doctor's visit and Vitamins. The Miscellaneous subgroup increased by 0.03 percentage points due to the increase in the cost of Personal Deodorant.

Quarter Comparison

The quarterly comparison there were increases in the following subgroups, Food, Beverage & Tobacco which increased by 1.30 percentage points, Housing subgroup which increased by 4.92 percentage point, Transportation subgroup which increased by 0.17 percentage points, Services subgroup which increased by 10.77 percentage points, and Miscellaneous subgroup by 1.39 percentage points. The subgroups which showed decreases were Furniture & Household Supplies which decreased by 4.92 percentage points and Clothing and Footwear subgroup which also decreased by 0.01 percentage points.

Half -Year Comparison

The half-yearly comparison indicated both significant increases and decreases among the different subgroups. Food , Beverage & Tobacco subgroup increased by 3.29 percentage points, Housing subgroup by 0.04 percentage points, Clothing & Footwear subgroup by 0.91 percentage points, Services subgroup by 10.82 percentage points and Miscellaneous by 2.33 percentage points. Transportation subgroup decreased by 0.60 percentage points. 

 Annual Comparison

On an annual comparison, the Food, Beverage & Tobacco subgroup increased by 5.13  percentage points, Clothing & Footwear subgroup increased by 2.33 percentage points, Transportation subgroup increased by 1.66 percentage points, Services subgroup increased by 11.15 percentage points and Miscellaneous subgroup by 4.83 percentage points. The declining subgroups were: Furniture & Household Supplies which decreased by 0.95 percentage points and Housing subgroup by 2.02 percentage points. 

 

Rate of Inflation

The point-to-point monthly, quarterly, half-yearly and annual rates of inflation stood at 0.38, 1.00, 2.26 and 2.71 percentage points respectively.


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

SUBGROUPS Wt. June
2006
May
2005
Mon.
Comp.
March
2006
Quart.
Comp.
Dec.
2005
Half-Year
Comp.
April
2005
Ann.
Comp.
Food, Beverage & Tobacco 268 132.75 131.92 0.62 131.04 1.30 128.52 3.29 126.27 5.13
Housing 195 138.77 138.14 0.46 138.14 0.46 138.72 0.04 141.63 -2.02
Furniture & Household Supplies 118 153.61 161.79 -5.06 161.57 -4.92 152.78 0.55 155.08 -0.95
Clothing & Footwear 151 119.59 119.39 0.17 119.61 -0.01 118.51 0.91 116.87 2.33
Transportation 117 148.60 152.76 -2.72 148.35 0.17 149.50 -0.60 146.18 1.66
Services 99 168.46 152.23 10.66 152.08 10.77 152.02 10.82 151.56 11.15
Miscellaneous 52 136.75 136.71 0.03 134.87 1.39 133.63 2.33 130.45 4.83
All Groups 1000 140.00 139.46 0.38 138.61 1.00 136.91 2.26 136.30 2.71

 


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