Inflation Climbs to 6.6% Year-on-Year, Driven by Transport Costs and Communication Services


Year-on-Year Analysis 

The All Items Index increased 6.6% for the twelve months ending August 2023; a larger increase than the 5.0% increase for the tewlve months ending  in July 2023.

The index for Transport was the largest contributor the All Items increase, accounting for 26.0% of the increase.

Also contributing to the  August annual increase was the advancement in the Communication index which rose for thirty-two consecutive month. 

The index for Food and Non-Alcoholic Beverages increased 3.8% with the Food Index increasing 3.6% over the last twelve months.

Price changes in  the nine food indexes were split with six increase and three decreases.

The index for Bread and Cereals rose by 9.1% and accounted for almost 40% of  the food increase.

The subcategory index of Other Cereals, Flour and Other Products increased 13.7% over the year.

The index for Milk, Cheese and  Egg accounted for the second largest contribution of 22.8%. The index advanced 10.4% over the twelve period.The index for Vegetables decrease  1.3% in August after increasing 9.5% in July.

The decline was attributed to 11.7% decline in the index for Fresh or Chilled Potatoes. Another notable  decrease was the index for Meats and Meat Product which also declined by 1.3%. 

The index for All Items Less Food and Energy index rose 8.6% over the past twelve months. The index for Transport Services rose 34.2%. Influencing  the increase was index for Passenger Transport by Air which rose 39.5%.

Other indexes with notable increases over the last year include Restaurants  and Hotels (+30.8%),Communication (+13.1%),Clothing and Footwear (+8.0%), Miscellaneous Goods and Services (5.5%) and Furnishing  Household Equipment and Routine Household Maintenance (5.3%). 

Month-to-Month Price Changes 

The Monthly Consumer Price Index rose 1.4% in August 2023 after increasing 0.8% in the previous month. 

The index for Food declined 1.6% in August. Seven of nine food groups posted decreases over the one month period. The index for Vegetables  declined 5.3% in August as all three subcategories declined.

The index for Frozen, Preserved or Processed Vegetables declined 6.6%, while the index  for Fresh or Chilled Potatoes fell 5.4%. Also declining was the index for Fresh or Chilled Vegetables (-3.3%).

Other notable food groups decreases  include Fruit (-3.7%), Sugars, Jam, Honey, Chocolate and Confectionery (-1.3%) and Meat and Meat Products (-1.2%). In contrast, the index for Food  Products N.E.C rose 2.2% and the index for Bread and Cereals increased 1.0%  

The index for All Items Less Food and Energy rose 2.4% in August after rising 0.9% in July. The index was largely driven by a 28.6% increase in the  index for Transport Services.

The index for Alcoholic Beverages, Tobacco and Narcotics rose 0.9% after declining 2.2% the previous month.

The  indexes for Housing, Water, Electricity, Gas and Other Fuels declined 0.2%, while both the indexes for Miscellaneous Goods and Services and  Furnishings, Household equipment and Routine Maintenance both declined 0.1% over the period. The remaining indexes remained unchanged.





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  1. So what is being done to mitigate these circumstances? It appears as though external factors over which we have very little control. So there are areas where we can “ease the squeeze” for the citizens of this country.

  2. Hahaha, 😂😂😂 where’s tenman and From The Sideline?

    LOOK DEY, 6.6% RISE. WOWZER!!!

    Just recently the two of them clowns 🤡 🤡 were going on and on about financial forecasts and predictions, and how Gaston Browne 🥸 knew what he was doing to curtail the cost of living – curtail what!!!

    I told them that PREDICTIONS are not FACTS, but these two comedians were adamant that the TOP DAWG, had Antigua’s economy under control.

    Tenman and From the Sideline should be a double act, and call themselves DUMB & DUMBER 😁

    Brixtonian correct as always.

    BTW, just watch DUMB & DUMBER wriggle out of this 6.6% rise in 3, 2, 1 … WE HAVE LIFT OFF 😂😂😂

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