July 2012 Consumer Price Index
The Department of Statistics has released the consumer price index for July 2012, showing that consumers paid 2.5% more in July 2012 than they did a year ago for the CPI basket of goods and services.
This inflation level was lower than the rate measured in June 2012. Between June and July 2012, the average cost of goods and services in the Consumer Price Index rose 0.1%. The all-items index increased from 119.7 to 119.8 index points. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $119.80.
July 2012 Summary Points
- Rent sector fell 0.1%
- Fuel & Power sector increased 2.4%
- Residential electricity costs rose by 2.5%
- Food sector rose 0.2% [lettuce +8.6%, eggs 5.7%, oranges +4.9%]
- Household Goods, Services & Communications increased 0.2% for the month
- Funeral services rose by 4.2%
- Transport & Vehicles sector prices fell 0.5%
- Tobacco & Liquor sector rose 0.5%
- Clothing & Footwear sector fell 1.8%
The Consumer Price Index is a statistical tool used for measuring changes in the general level of prices of consumer goods and services purchased by private households. The index measures price movements of a given quality and quantity of goods and services
The full report courtesy of the Department of Statistics is below [PDF here]:
