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November 13, 2007, The Valley, Anguilla:
Data from the Statistics Department of the Government of Anguilla
showed a small 0.8% increase in the inflation rate for the island's Consumer Price Index (AXACPI)
between the 3rd quarter (July - Sept) 2007 and the 2nd quarter (April -
June) 2007, for goods and services. When compared to the 3rd quarter in
2006, the increase observed in the same period was even smaller at 0.2%.
Annual Data - 3rd quarter (July - Sept) 2006 to
3rd quarter (July - Sept) 2007
Of the 11 categories measured, 6 showed increases while
the others registered decreases over this period. The
highest increase, 5.6%, was observed in the Drinks & Tobacco
category, primarily due to a rise in the price of rum.
A rise in the price of private tutoring led to increases of
5.2% for the Education category. This percentage was equal
to the magnitude decrease observed in the Fuel category
while 'Clothing & Footwear' declined by 4.7%.
Table 1: Summary of Annual changes
|
Categories |
Annual % Change
Sept07/Sept06 |
|
Food |
3.7%
|
|
Drinks & Tobacco |
5.6% |
|
Accommodation |
1.3%
|
|
Fuel |
-5.2%
|
|
Clothing & Footwear
|
-4.7%
|
|
Household Goods
|
-2.9%
|
|
Transportation & Communication
|
-0.3%
|
|
Medical |
0.2%
|
|
Education |
5.2%
|
|
Personal Services
|
0.9%
|
|
Other |
-9.8%
|
|
All Items |
0.2%
|
Quarterly Data - ( comparing 3rd quarter (July -
Sept) 2007 and the 2nd quarter (April - June) 2007)
Between the 2nd and 3rd quarters this year the AXACPI
showed less than a 1% increase. Of the 11 categories
measured, 2 remained unchanged, 5 increased while a
near equal number decreased. The most notable increase was
2.3% in Accommodation, driven in part by an increase in the
cost of imported bricks. Fueled by a 15.1% rise in
the price per gallon of gasoline and increased cost of car
batteries, the Transportation and Communication category
showed increases of 2.0%.
The most significant decreases were observed in the Clothing
& Footwear category which experienced an overall decrease of
2.5%.
Table 2: Summary of Quarterly changes
|
Categories |
Quarterly
% Change Sept07/June07 |
|
Food |
0.4%
|
|
Drinks & Tobacco |
0.6%
|
|
Accommodation |
2.3%
|
|
Fuel |
0.0%
|
|
Clothing & Footwear
|
-2.5%
|
|
Household Goods
|
-0.7%
|
|
Transportation & Communication
|
2.0%
|
|
Medical |
0.0% |
|
Education |
-1.7%
|
|
Personal Services
|
-0.7%
|
|
Other |
0.1%
|
|
All Items |
0.8%
|
Overall the data shows, that though the index for All
Items has changed very little since 2006, it has increased
significantly since September 2004. See chart below.
Charts, tables and figures are quoted from the
ANGUILLA’S CONSUMER PRICE INDEX 3rd Quarter: July - August
2007 report.
The CPI can be used in employer and employee contract
negotiations to adjust wages, in rental agreements and child
support agreements, pensions and other contractual price
setting arrangements. |
