Consumer Price Index Posts Modest Increase in the Second Quarter
"The Consumer Price Index (CPI) for the quarter ending June 2012 increased by 0.9 percent compared to the quarter ending June 2011."The Consumer Price Index (CPI) for the quarter ending June 2012 increased by 0.9 percent compared to the quarter ending June 2011. This is mainly due to increases in the indices for clothing and footwear (5.4%), food and non-alcoholic beverages (3.8%) and transportation (3.4%).
⫿The upward movement in inflation resulted from increases across these major divisions,??? noted the Hon. Premier and Minister of Finance, Mr. McKeeva Bush.
The cost of food and non-alcoholic beverages resulted from upward movements in all sub-groups, led by fish and seafood (10.7%), oils and fats (7.9%) and sugar, jam, honey, chocolate and confectionery (6.7%) and fruit (6.4%).
Meanwhile, transport increase was due to the average cost of transport services (5.9%), cost to purchase vehicles (5.0%) and the cost of operation of personal transport equipment (1.9%).