{"id":193666,"date":"2024-01-10T12:43:36","date_gmt":"2024-01-10T16:43:36","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=193666"},"modified":"2024-01-10T12:43:36","modified_gmt":"2024-01-10T16:43:36","slug":"bread-sugar-jams-honey-cereals-and-fruit-all-saw-major-price-increases-in-the-last-12-months","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/bread-sugar-jams-honey-cereals-and-fruit-all-saw-major-price-increases-in-the-last-12-months\/","title":{"rendered":"Bread, Sugar, Jams, Honey, Cereals, and Fruit all saw major price increases in the last 12 months"},"content":{"rendered":"
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Consumer Price Index (CPI) November-2023<\/strong><\/p>

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St John\u2019s Antigua, January 10, 2024. The Statistics Division, under the Ministry of Finance and Corporate Governance releases the CPI for Nov 2023<\/p>\n

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

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The Inflation rate or the All Items Index rose 3.3% for the twelve months ending November 2023, a smaller increase than the 4.0% increase for the twelve months ending October.<\/p>

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The index for Transport was the primary contributor to the annual All Items decrease.<\/p>\n

The Index accounted for 42.5% of the decrease with the index for Transport declining 8.3%.<\/p>

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The decrease was influenced by reductions in the indexes for Transport Services (-19.0%) and Operations of Personal Transport (-5.6%).<\/p>\n

In the Transport Services category, lower average price fares were recorded for Barbados, Miami and New York, while gasoline and diesel at the pump were reduced over the twelve months. Gasoline at the pump decreased from $15.50 to $13.99 and Diesel from $16.80 to $14.25.<\/p>

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The index for Food increased by 3.4% over the last twelve months driven by an 8.0% increase in the index for Bread and Cereals which accounted for 38.3% of the food index increase.<\/p>

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The average price increase in bread accounted for almost two-thirds of the increase in Bread and Cereals.Four other indexes drove the increase in the food index.<\/p>\n

Sugar, Jams, Honey, Chocolate, and Confectionery (+21.7%), (Fruit +10.1%), (Fish and Seafood +4.4%) and (Food Products N.EC (+5.7%).<\/p>\n

The index for All Items Less Food and Energy index rose 4.1% over the past twelve months.<\/p>\n

An indication that the non-volatile indexes are influencing the all-items index.<\/p>\n

These were primarily the indexes for Communication (+17.0%), Restaurants and Hotels (+8.9%).Clothing and Footwear (+7.3%), Miscellaneous Goods and Services (+5.4%), and Furnishing Household Equipment and Routine Household Maintenance (+3.8%).<\/p>\n

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

The Monthly Consumer Price Index marginally increased in November by 0.5% after declining 1.1% the previous month.<\/p>\n

The Food and Non-Alcoholic Beverages declined by 0.6% with the index for Food decreasing by 0.5% over the month.<\/p>\n

The food category posted mixed results with four of nine subcategories posting decreases over the one month.<\/p>\n

The index for Fish and Seafood declined by 8.4% and the index for Food Products N.E.C fell by 1.5%. Other notable decreases were Vegetables (-0.9%) and Meat and Meat Products (-0.4%).<\/p>\n

In contrast, the index for Milk, Cheese, and Eggs rose by 3.4% and the index for Bread and Cereals increased by 3.1%. Also increasing were the indexes for Oils and Fats (+2.3%) and Fruit (+0.5%).<\/p>\n

The index for All Items Less Food and Energy rose 0.8% in November. The increase was largely attributed to increases in the indexes for Transport Services (+3.7%), Actual Rentals for Housing (+2.3%), and Furnishings, Household Equipment, and Routine Household Maintenance (+0.3%).<\/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. 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. 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 Nov 2023 can be accessed on the Division’s official website www.statistics.gov.ag<\/strong><\/p>\n

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

Consumer Price Index (CPI) November-2023 St John\u2019s Antigua, January 10, 2024. The Statistics Division, under the Ministry of Finance and Corporate Governance releases the CPI for Nov 2023 Year-on-Year Analysis The Inflation rate or the All Items Index rose 3.3% for the twelve months ending November 2023, a smaller increase than the 4.0% increase for […]<\/p>\n","protected":false},"author":3,"featured_media":159148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-193666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBread, Sugar, Jams, Honey, Cereals, and Fruit all saw major price increases in the last 12 months - 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\/bread-sugar-jams-honey-cereals-and-fruit-all-saw-major-price-increases-in-the-last-12-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bread, Sugar, Jams, Honey, Cereals, and Fruit all saw major price increases in the last 12 months\" \/>\n<meta property=\"og:description\" content=\"Consumer Price Index (CPI) November-2023 St John\u2019s Antigua, January 10, 2024. 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