Consumer Price Index: Inflation Decreased 0.4%
Consumers paid 1.2% more in March 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.4 percentage points from the 1.6% measured in February 2015.
The CPI report from the Department of Statistics said, “Between February 2015 and March 2015, the average cost of goods and services in the Consumer Price Index rose 0.2%. The all-items index climbed to 124.8 index points in March. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $124.80.
“The Health & Personal Care sector was the largest contributor to the year-over-year increase in the consumer price index, increasing 7.3%.
“The Food sector and Household Goods, Services & Communications sector also had a strong impact on the year-over-year increase to the consumer price index. Price shifts in these two sectors were 2.7% and 1.3%, respectively.
The full March 2015 Consumer Price Index is below [PDF here]:
