Consumer Price Index: Inflation Increased 0.3%
Consumers paid 1.5% more in August 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 0.3 percentage points from July 2019.
This is according to the latest Consumer Price Index, which said, “Between July 2019 and August 2019, the average cost of goods and services in the CPI decreased 0.2%. The all-items index was 106.5 in August. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $106.50.
“The Rent sector was the largest contributor to the year-over-year change, increasing 2.0%. The average rental cost for controlled and non-controlled properties were the main contributors to the annual increase. In addition, the Food and Health & Personal Care sectors contributed to the rise in the annual rate of inflation as price shifts in these sectors were 3.0% and 3.8%, respectively.”
The full August 2019 Consumer Price Index follows below [PDF here]:
No comment from Minister Furbert?
What he or any of our administers have to say is really unimportant as it’s clear they really don’t have a grasp on economic matters.
So why insult our intelligence with having to read their guesses???
Is health insurance factored into this number?
I believe these figures are misleading and inaccurate. They gotta be higher.
Wow we are spiralling downwards again taxes and increases who did we vote for ?