Published On: Wed, Aug 29th, 2012

Prices stable compared with June

WILLEMSTAD – The consumer price index in the month of July is unchanged compared to June. Measured over the period of 12 months until July 2012, shows an increase in the prices by 3.3% compared to the same period a year earlier. That reports the Central Bureau for  Statistics (CBS).

The striking price changes occurred in the categories of ' transport and communications ' and ' Nutrition '.   Most striking in the month of July was the price drop of petrol by 5 percent. This decreased the cost of motoring with 2.6 percent, with the ultimate effect that the spending category ' transport and communications ' was 1% cheaper.

Nutrition
Interesting is also the price development over the past month of three product groups in the spending category ' Nutrition ' (+ 0.7%). First of all, the food group ' meat and fish ' (+ 1.4%), which is especially characterized by both chicken meat as local fish (dradu, mulá, buní) becoming more expensive with 4 percent. Then the food group ' cereal products ' (+ 1.0%), which is characterized by the small rolls (pan franses) becoming more expensive  with 4 percent. Thirdly, the food group ' potatoes, fruit and vegetables ' (-0.2%), in which the price decrease of tomatoes with 9 percent stands out.

Long term inflation
The consumer price index increased between July 2011 and July 2012 from 117.7 to 121,0, an increase of 2.8 percent. This figure shows how much more expensive the month of July of this year was compared to the month of July last year. In July 2012 the 12-month average of prices was 3.3% higher than in July 2011, so an increase in the 12-month average consumer price index ' ' of 115,6 to 119.4.

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