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Introduction
The Consumer Price Index (CPI) for the month of ( May 2006) stood at
139.46. There was a slight alteration from the previous month ( April 2006) which stood at
138.99. One year earlier
( May 2005), the index stood at 134.14.
Monthly Comparison
In a monthly comparison, there were increases in most of the subgroups. The Food, Beverage & Tobacco subgroup
increased by 0.18 percentage points due to the upward movements in the
price of Beef ( ground), Onions and Corn Flakes ( Kellogg's. Furniture & Household
Supplies increased by 0.10 percentage points due to the increase in the
cost of Insecticides and Detergents ( Soap Powder). The Clothing &
Footwear subgroup increased by 0.01 percentage points due to the upward
movement in the cost of Pampers. Transportation
subgroup increased by 1.80 percentage points due to the upward movements
in the price of Gasoline. The Miscellaneous subgroup increased by 1.13 percentage points
due to the upward movement price in Tooth Paste. The Housing and
Services subgroups
remained unchanged.
Annual Comparison
In an annual comparison, the subgroups showed no
decline. The Food, Beverage & Tobacco subgroup increased by
5.65 percentage points, Housing subgroup increased by 4.59
percentage points, Furniture & Household Supplies subgroup
increased by 3.80 percentage points, Clothing & Footwear subgroup
registered an increase by 2.42 percentage points, and the Transportation subgroup increased
by 4.49 percentage points, Services subgroup increased by 0.73
percentage points, and Miscellaneous subgroup increased by 3.69
percentage points.
Rate of Inflation
The point-to-point monthly and annual
rates of inflation
stood at 0.34 and 3.97 percentage points respectively.
TABLE 1
CONSUMER PRICE INDEX: MONTHLY AND ANNUAL COMPARISONS
(MARCH 1995=100)
| SUBGROUPS |
Wt. |
April
2006 |
March
2005 |
Mon.
Comp. |
April
2005 |
Ann.
Comp. |
| Food, Beverage & Tobacco |
268 |
131.92 |
131.68 |
0.18 |
124.87 |
5.65 |
| Housing |
195 |
138.14 |
138.14 |
0.00 |
132.07 |
4.59 |
| Furniture & Household Supplies |
118 |
161.79 |
161.63 |
0.10 |
155.87 |
3.80 |
| Clothing & Footwear |
151 |
119.39 |
119.38 |
0.01 |
116.56 |
2.42 |
| Transportation |
117 |
152.76 |
150.07 |
1.80 |
146.21 |
4.49 |
| Services |
99 |
152.23 |
152.23 |
0.00 |
151.12 |
0.73 |
| Miscellaneous |
52 |
136.71 |
135.19 |
1.13 |
131.85 |
3.69 |
| All Groups |
1000 |
139.46 |
138.99 |
0.34 |
134.14 |
3.97 |
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