August 2021 Consumer Price Index Report

November 21, 2021 | 0 Comments

Consumers paid 1.6% more in August 2021 then they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].

A Government spokesperson said, “The Ministry for the Cabinet Office released the August 2021 Consumer Price Index [CPI] from the Department of Statistics.

“In summary, during August 2021 consumers paid 1.6 % more than they did in August 2020 for the basket of goods and services.

“The Transport & Foreign Travel sector continues to be the largest contributor to the 12-month increase in the CPI [+9.1 %]. The main contributors to the increase were the average cost of airfares [+17.5 %] and premium fuels [+15.3 %], respectively.

“Meanwhile, the Health & Personal Care sector and the Household Goods, Services & Supplies sector also impacted strongly on the annual rate of inflation, as price shifts in both sectors measured 1.9 %.

“Between July 2021 and August 2021 the average cost of goods and services did not change.

“Additional areas of note between July and August 2021 are as follows:

  • The Transport & Foreign Travel sector declined 1.8%. The drop in this sector was attributed to the decrease in the average cost of overseas car rentals.
  • The Rent sector was up 0.6 % as the average cost of properties not subject to rent control and properties under rental control, advanced 1.2 % and 0.1%, respectively.
  • The Food sector increased +0.5 % for the month.  The main items contributing to the rise was the average price of imported lettuce [+11.0 %], frozen spare ribs [+5.4 %] and cantaloupes [+5.2 %].
  • The Tobacco & Liquor sector increased 0.3 % as the average cost of spirits and beer increased 1.4 % and 0.1 %, respectively.

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

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