THURSDAY, OCTOBER 30, 1980
PRICE INDICES UP ONE POINT
*****
THE CONSUMER PRICE INDEX (A) AND THE CONSUMER PRICE INDEX (B) FOR SEPTEMBER 1980 WERE 165 AND 164 RESPECTIVELY, EACH ONE POINT
HIGHER THAN THE PREVIOUS MONTH.
CPI (A) IS BASED ON WEIGHTS DERIVED FROM THE EXPENDITURE PATTERN OF HOUSEHOLDS SPENDING BETWEEN $400 AND $1 499 A MONTH AND CPI (B) FROM THOSE SPENDING BETWEEN $1 500 AND $2 999 A MONTH, AS DETERMINED FROM THE HOUSEHOLD EXPENDITURE SURVEY OF 1973/74.
THE CHANGES FOR SEPTEMBER IN THE DIFFERENT COMPONENTS OF THE TWO INDICES. COMPARED WITH THE PREVIOUS MONTH AND WITH THE CORRESPONDING MONTH IN 1979, ARE:
COMPONENT
CPI(A)
CPI(B)
SEPT 80 AUG 80 SEPT 79 SEPT 80 AUG 80 SEPT 79
FOODSTUFFS
HOUSING
FUEL AND LIGHT
ALCOHOLIC DRINKS
161
158
141
163
160
143
154
154
146
154
154
146
268
269
193
253
254
187
184
184
167
178
177
162
AND TOBACCO
CLOTHING AND FOOTWEAR
122
121
112
121
119
110
DURABLE GOODS
136
135
129
131
131
126
MISCELLANEOUS GOODS
171
171
147
170
169
145
TRANSPORT AND VEHICLES
201
198
159
202
199
165
SERVICES
170
169
148
175
173
151
ALL ITEMS
165
164
145
164
163
145
THE INDEX FOR FOODSTUFFS INCREASED BY THREE POINTS IN BOTH CP1 (A) AND CPI (B). PARTICULARLY SIGNIFICANT WERE THE INCREASES IN THE AVERAGE RETAIL PRICES OF SALT-WATER FISH, FRESH VEGETABLES AND PORK. THE COST OF MEALS BOUGHT IN RESTAURANTS ALSO WENT UP. ON THE OTHER HAND, THE AVERAGE RETAIL PRICES OF BEEF AND FRESH FRUITS DECLINED. EFFECTS OF THE MOVEMENTS IN THE RETAIL PRICES OF OTHER FOOD ITEMS ON THE INDEX FOR FOODSTUFFS WERE INSIGNIFICANT.
THE INDEX FOR FUEL AND LIGHT DECREASED BY ONE POINT IN BOTH PRICE INDICES DUE TO LOWER CHARGES FOR ELECTRICITY AND THE LOWER PRICE FOR KEROSENE.
/HIGHER PRICES
No comments yet.
Private notes are available after approval.