Inflation Down Despite Energy Jump

October 12, 2011

Consumers paid 2.5 percent more in August 2011 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The rate of inflation dropped from the 2.8 percent measured in July 2011.

The Fuel & Power sector registered the largest spike in this period — up 3.8 percent in August –as the fuel adjustment rate for electricity went up 8.1 percent at the end of July.

Between July 2011 and August 2011, the average cost of goods and services in the Consumer Price Index remained the same. The all-items index remained at 116.9 index points in August. This means that the basket of goods and services that cost $100.00 in April, 2006 now cost $116.90.

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Comments (4)

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  1. Terry says:

    This is published by government. How do we know they are telling the truth.

    They deceived us before………

  2. Wondering says:

    as the ole timers would say ‘take it with a grain of salt”..

  3. andre says:

    Don’t know where they shop but my inflation is quite a bit higher than 2%!

  4. moses says:

    There is more flucuation in the grocery shop prices weekly than you all have stated here. So like some of my previous bloggers have stated i will say again “i would like to know where you all shop”.