Published On: Thu, Sep 27th, 2012

Consumer price index decreased

WILLEMSTAD - The consumer price index (CPI) of Curacao fell by 0.2 percent in August compared to July. Prices rose by 3.3 percent compared to the same period a year earlier. This is evident from the data that the Central Bureau of Statistics (CBS) has announced.

The price change with the greatest impact occurred in the spending categories "Transport and communications". Most striking was that gasoline prices fell by 8 percent in August. Also diesel was cheaper by 4 percent. Through these two price reductions, 'the cost of driving' decreased by 3.7 percent, with the ultimate effect that the expenditure category "Transport and communications" were 1.3 percent cheaper.

Clothing and food
Two other notable price developments concern the increase of the expenditure categories "Clothing and footwear" and "Power" by 0.5 and 0.4 percent. The rising cost of 'Power' was mainly caused by the rising cost of food groups 'digestions outdoors "and" potatoes, vegetables and fruit' by 0.7 and 0.5 percent. The evolution of the food group 'potatoes, vegetables and fruit' was mainly influenced by the increase of "fresh potatoes" with 7 percent.

Twelve Month Average
The CPI rose between August 2011 and August 2012 and increased from 118.0 to 120.7, an increase of 2.3 percent. This figure shows how much more expensive the month of August was this year compared to August last year. In August 2012 was the twelve-month average of prices 3.3 percent higher than in August 2011, a rise of "the twelve-month average Consumer Price Index" from 115.9 to 119.7.

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