Consumer Price Index: Inflation Increased 0.5%

October 30, 2019 | 1 Comment

Consumers paid 1.2% more in July 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation rose 0.5 percentage points from the 0.7% measured in June 2019.

This is according to the latest Consumer Price Index, which said, “Between June 2019 and July 2019, the average cost of goods and services in the CPI increased 0.9%. The all-items index was 106.7 in July. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $106.70.

“The Health & Personal Care sector was the largest contributor to the year-over-year change, increasing 3.8%. The average cost of health insurance premiums continues to be a major contributor to the annual increase. In addition, the Food and Rent sectors contributed to the rise in the annual rate of inflation as price shifts in these sectors were 2.9% and 1.4%, respectively.”

The full July 2019 Consumer Price Index follows below [PDF here]:

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  1. Joe Bloggs says:

    Dear Minister Furbert, why are you not telling us what a good thing this is?

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