{"id":168113,"date":"2023-01-24T12:54:59","date_gmt":"2023-01-24T16:54:59","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=168113"},"modified":"2023-01-24T12:54:59","modified_gmt":"2023-01-24T16:54:59","slug":"food-prices-continue-to-see-huge-increases-in-antigua-and-barbuda","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/food-prices-continue-to-see-huge-increases-in-antigua-and-barbuda\/","title":{"rendered":"Food prices continue to see huge increases in Antigua and Barbuda"},"content":{"rendered":"
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Consumer Price Index (CPI) December-2022<\/strong><\/p>

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St John\u2019s Antigua, January 24, 2023. The Statistics Division, under the Ministry of Finance and Corporate Governance releases the CPI for Dec 2022<\/p>\n

Year-on-Year Analysis<\/strong><\/p>

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The All Items Index increased 9.2% for the twelve months ending December 2022.<\/p>

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The Food Index rose 12.1% over the last twelve months.<\/p>\n

The index for Oils and Fats rose 27.5% with average price increases of Fresh Butter and Soya Oil contributing to these large increases.<\/p>

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The index for Sugars, Jams, Honey, Chocolate, and Confectionery rose 21.2% over the year.<\/p>\n

The index for Sugar increased 27.8% over the same period while the index for Edible Ice Cream and Sorbet rose 16.3%.<\/p>

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The index for Food Products N.E.C rose by 19.8% and the index for Meat and Meat Products increased by 15.2%.<\/p>

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The remaining food groups posted changes ranging from -3.4% (Fruit) to 12.9% (Bread and Cereals).<\/p>\n

The Index for All Items Less Food and Energy rose 8.5%, a slightly larger increase than the 8.1% increase in November 2022.<\/p>\n

The index was similarly affected as the November index. It was impacted by a larger increase in the the index for Transport Services which rose from 34.6% to 41.7%.<\/p>\n

Month-to-Month Price Changes<\/strong><\/p>\n

The Monthly Consumer Price Index rose 0.2% for the month ending December 2022.<\/p>\n

The Food Index increased by 1.1% in December 2022 following 0.8% in November. Six of the nine major supermarket food group indexes increased over the month.<\/p>\n

The index for Sugars, Jams, Honey, Chocolate, and Confectionery rose 7.9% and the index for Sugar rose 16.6%.<\/p>\n

The index for Fish and Seafood increased by 5.7% in December as both the indexes for Fresh Chilled or Frozen Fish Seafood and Preserved or Processed Fish and Seafood increased by 15.6% and 2.2% respectively.<\/p>\n

The remaining food groups\u2019 increases ranged from 0.4% (Bread and Cereals) to 2.5% (Vegetables).<\/p>\n

In contrast, the Meat and Meat Products index fell 2.0% with the indexes for Poultry falling 6.0%, Lamb, Mutton, and Goat (-2.3)%, and Beef and Veal (-1.5%).<\/p>\n

The index for All Items Less Food and Energy remains unchanged. The index for Miscellaneous Goods and Services rose 0.3%.<\/p>\n

The index for Furnishings, Household Equipment, and Routine Household Maintenance had a marginal increase of 0.1%. These increases were offset by a decline in the Transport index of -0.4%.<\/p>\n

Methodology<\/strong><\/p>\n

What is the consumer price index (CPI) measuring and how is it done?<\/p>\n

The All Items Consumer Price Index (CPI) is the main measure of what is commonly called inflation, or headline inflation.<\/p>\n

It measures the change in prices, on average, from month to month, and from year to year of the goods and services bought by most households.<\/p>\n

Prices are collected monthly and quarterly from supermarkets and other suppliers of goods and services.<\/p>\n

The pattern of household expenditure on these goods and services is derived from a regular household budget (or expenditure) survey (HBS).<\/p>\n

The prices and spending patterns (known as weights) are then combined to calculate the price indices for groups of goods and services and for the All Items index.<\/p>\n

These indices are based on expenditure patterns in 2006.<\/p>\n

The All Items (or overall) index, with all of its twelve (12) component indices, is published each month.<\/p>\n

For a detailed account of the methodology used in calculating the CPI, please call the Statistics Division.<\/p>\n

Copies of the CPI for Dec 2022 can be accessed on the Division’s official website www.statistics.gov.ag<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Consumer Price Index (CPI) December-2022 St John\u2019s Antigua, January 24, 2023. The Statistics Division, under the Ministry of Finance and Corporate Governance releases the CPI for Dec 2022 Year-on-Year Analysis The All Items Index increased 9.2% for the twelve months ending December 2022. The Food Index rose 12.1% over the last twelve months. The index […]<\/p>\n","protected":false},"author":3,"featured_media":136580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-168113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFood prices continue to see huge increases in Antigua and Barbuda - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/food-prices-continue-to-see-huge-increases-in-antigua-and-barbuda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Food prices continue to see huge increases in Antigua and Barbuda\" \/>\n<meta property=\"og:description\" content=\"Consumer Price Index (CPI) December-2022 St John\u2019s Antigua, January 24, 2023. 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