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Tuesday, June 20, 1972
SHARP INCREASE IN C.P.I. FOR MAY
The General Consumer Price Index for May 1972 was 138, five
points higher than that for the previous month.
The rise was due mainly to an increase of 10 points in the
index for food
There was also an increase of one point each in the indexes for
alcoholic drink, and for miscellaneous goods. Movements in the indexes
for other sections were insignificant.
The average retail price of fresh vegetables rose sharply
as a result of unfavourable weather conditions.
Higher retail prices were also recorded for bread and cakes,
salt water fish, fresh water fieh, live poultry, dried beans and fresh
fruits. Some restaurants also put up their menu prices. On the other
hand, retail prices of other fish, pork, beef and eggs were priced lower.
The Modified Consumer Price Index for May 1972 was 142, six
points higher than that for the previous month, and 12 points higher than
that for the corresponding month in 1971.
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