April 2021 Consumer Price Index Report

June 30, 2021 | 0 Comments

Consumers paid 0.9% more in April 2021 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and this level of inflation rose 0.1 percentage points from the March 2021 annual inflation rate of 0.8%.

A Government spokesperson said, “Today, Minister for the Cabinet Office the Hon. Wayne L. Furbert, JP, MP, released the April 2021 Consumer Price Index [CPI] report.

The Minister explained, “In April 2021 consumers paid 0.9 % more than they did in April 2020 for a basket of goods and services. The Transport & Foreign Travel sector was the largest contributor to the increase in the CPI [+2.7 %]. The major driver in this sector was the average cost of airfare which rose 12.9 %. The Health & Personal Care and Education, Recreation, Entertainment & Reading sectors also impacted strongly on the annual rate of inflation, as price shifts in these sectors measured 2.0 % and 1.6 %, respectively. Between March 2021 and April 2021 the average cost of goods and services increased 0.3 percentage points.”

“Additional areas of note between March 2021 and April 2021 are as follows:

  • A 4.9 % increase in the fuel adjustment clause caused the Fuel & Power sector to rise 1.5 %.
  • The Transport & Foreign Travel sector advanced 0.7 % for the month. The rise was due to an increase in the average cost of airfares [+5.3 %].
  • The Household Goods, Services & Supplies sector moved up 0.3 %. On average, consumers paid 11.7 % more for bedroom furniture.

The full April 2021 Consumer Price Index follows below [PDF here]:

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