Consumer Price Index: Inflation Increased 0.6%
The rate of inflation increased 0.6 percentage points from the 1.3 per cent recorded in November 2013, according to the most recent Consumer Price Index which was released yesterday [Jan 29] by the Department of Statistics.
Consumers paid 1.9 per cent more in December 2013 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].
Between November and December 2013, the average cost of goods and services in the Consumer Price Index increased 0.3 per cent.
The Health & Personal Care sector continued to have the strongest impact on the twelve-month increase in the Consumer Price Index.
The Food and Transport & Vehicle sectors also had a significant impact on the annual rate of inflation, as price shifts in these sectors were 2.8 per cent and 2.0 per cent, respectively.
The full December 2013 Consumer Price Index is below [PDF here]
So I was right. The supermarkets did increase their prices to offset the 10% discount starting Dec 1.
(This is supposition based on personal observation and the figures above)
Food prices went down by 0.8% in December according to the report; but overall is up for the year.
definitely seems to me that everything is going up.
that’s ok for something like ace who continue experiencing record profit year after year.i’m sure the top shots are receiving significant hikes in pay and generous bonuses.or maybe the politicians who are raking in $160,000 a year from (their day job),which is more than likely not their only revenue stream, and that ain’t shabby. to these people the cpi means little. maybe a slight loss in overall productivity…to others , who have not experienced any hike in pay in 25 years, don’t even mention a bonus, who now are expected to take on additional workloads( if you want to keep your job that is) most are making way less than even half of a politicians ‘day job’ wage. ie less than $80’000 per year more than likely, less than 60’000 a year. these hard working people are faced with raises and hikes in everything yet no raise in pay which in reality results in less money altogether. this ain’t no fun.
never mind if you lose your job, or already do not have one.
it is a sad state of affairs…for some.
not much interest in the cpi