Inflation Rate Ticks Up By 1.7 Percent In April

May 29, 2013

Consumers paid 1.7 percent more in April 2013 than they did a year ago for the basket of goods and services
included in the Consumer Price Index [CPI] according to the latest report from the Department of Statistics.

The annual rate of inflation slipped 0.4 of a per cent from the 2.1 per cent measured in March 2013.

Between March 2013 and April 2013, the average cost of goods and services in the Consumer Price Index rose 0.5 per cent. The all-items index increased from 120.9 to 121.5 index points in April. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $121.50.

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