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Cpi release january 2014

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Information about Cpi release january 2014

Published on February 26, 2014

Author: adeleramosbz

Source: slideshare.net

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Statistical Institute of Belize 1902 Constitution Drive Belmopan City, Belize C.A. Phone: 501.822.2207 / 2352 Fax: 502.822.3206 Email: info@statisticsbelize.org.bz Web: www.statisticsbelize.org.bz BelizeCPI Consumer Price Index JANUARY 2014 February 26, 2014 January Inflation Rate 1.8 Percent 106.9 109.5 105.3 104.6 103.7 Food Oct-13 Aug-13 Jun-13 Apr-13 Feb-13 Oct-12 Aug-12 Jun-12 Apr-12 Feb-12 Oct-11 Dec-11 Aug-11 Jun-11 Apr-11 All Items Dec-12 101.8 101.3 Among Food items, vegetable prices accounted for most of the increase, rising by an average of 21 percent compared to a year ago. Most notably, the average price for tomatoes more than doubled, while those for sweet peppers, cabbage, red kidney beans and black beans all rose by at least 20 percent (see Table 1). Fuel Figure 2: Monthly Inflation Rates (%) by Categories of Goods and Services; January 2013 and January 2014 5.0 3.5 Percent While fuel prices recorded little difference from last January, international airfares increased by 29 percent. Similarly, due to higher drivers’ license fees across the country, the index for that item rose by 38 percent. These resulted in an overall increase in prices for transportation services. 110.8 Dec-13 Consumer Price Index 110.8 Feb-11 The Consumer Price Index (CPI) for January 2014 stood at 103.7 (February 2011 = 100), up 1.8 percent from 101.8 in January 2013. This was a continuation of the trend observed from the latter part of 2013, in which the rate of inflation began to accelerate after remaining relatively flat for several months. Prices for Food and Transport, the major contributors to this month’s inflation, were up by 4 percent and 5 percent, respectively. Figure 1: All-Items, Food & Fuel Indices; February 2011 - January 2014 1.8 1.2 0.6 0.5 0.9 0.9 0.3 -0.2 Across the seven municipalities shown in Table 2, Belmopan and Corozal Town had the highest inflation rates. Orange Walk Town and Punta Gorda Town recorded the lowest rates. Table 1: Average Prices of Selected Foods and Fuel, January 2013 and January 2014 Item Jan. 2013 Jan. 2014 Ground Beef 1 Lb 4.25 5.33 Beef Steak 1 Lb 6.02 6.67 Rice (Retail) 1 Lb 1.06 1.08 Flour (Gitana) 1 Lb 0.92 0.94 White Sugar 1 Lb 0.52 0.52 Red Kidney Beans 1 Lb 2.16 2.88 Black Beans 1 Lb 1.51 1.82 Eggs 1 Dozen 3.29 3.58 Condensed Milk (Dutch Lady) 397 G 2.43 2.44 Milk (La La Light) 1L 3.14 3.15 Tomatoes 1 Lb 1.55 3.45 Yellow Onions 1 Lb 2.03 1.94 Sweet Pepper 1 Lb 3.29 5.65 Cabbage 1 Lb 1.03 1.55 Whole Chicken 1 Lb 2.63 2.81 Premium Gasoline 1 Gal 11.38 11.49 Regular Gasoline 1 Gal 10.98 11.10 Diesel 1 Gal 10.90 10.85 Butane 100 Lbs 109.76 117.79 % Change 25.5 á 10.8 á 1.2 á 2.6 á 0.0 33.5 á 20.1 á 8.8 á 0.4 á 0.4 á 123.2 á -4.6 â 72.0 á 50.4 á 7.1 á 0.9 á 1.1 á -0.4 â 7.3 á All Items Food & Non-Alc. Bev. Housing, Water, Elec, Gas, & Other Fuels January 2013 Transport All Other Goods & Services January 2014 Table 2: Inflation Rates by Municipality; January 2013 and January 2014 Municipality Jan. 2013 National 0.5 Corozal Town 0.6 Orange Walk Town 1.9 Belize City 0.1 Belmopan 0.0 San Ignacio/Santa Elena Town 0.6 Dangriga 1.2 Punta Gorda Town -0.2 Jan. 2014 1.8 2.5 1.2 1.8 2.7 1.9 1.9 1.3 For more information contact Diana Castillo-Trejo at telephone numbers 822-2207/2352 or e-mail at info@mail.org.bz. An Excel version of the tables contained in this release can be downloaded from our website at www.sib.org.bz

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