Economic Statistics

The annual average rate of inflation as measured by the changes in the Consumer Price Index for 2014 stands at 0.5 percent compared to 2.9 percent in 2013.

 

The detailed sectional changes over the previous year are as follows:

 

FOOD AND NON-ALCOHOLIC BEVERAGES: +1.9%

The Food and Non-Alcoholic Beverage index recorded an increase of 1.9% during 2014 compared to an increase of 3.5% in 2013.  This accounted for 0.5 of a percentage point to the overall inflation rate.

 

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +9.0%

The Alcoholic Beverages, Tobacco and Narcotics index increased by 9.0% in 2014 compared to an increase of 9.0% in 2013.  This accounted for 0.7 of a percentage point to the overall inflation rate.

 

CLOTHING AND FOOTWEAR: +1.8%

The Clothing and Footwear index recorded an increase of 1.8% in 2014 compared to an increase of 3.0% in 2013. This accounted for 0.0 of a percentage point to the overall inflation rate.

 

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: +0.2%

The Housing, Water, Electricity, Gas and Other Fuels index increased by 0.2% in 2014 compared to an increase of 0.8% in 2013.  This accounted for 0.0 of a percentage point to the overall inflation rate.

 

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: +4.1%

The Furnishings, Household Equipment and Routine Household Maintenance index recorded an increase of 4.1% in 2014 compared to a decrease of 0.4% in 2013. This accounted for 0.2 of a percentage point to the overall inflation rate.

 

HEALTH: +3.4%

The Health index recorded an increase of 3.4% in 2014 compared to an increase of 5.1% in 2013.  This accounted for 0.0 of a percentage point to the overall inflation rate.

 

TRANSPORT: -0.2%

The Transport index recorded a decrease of 0.2% in 2014 when compared to a ‘no change’ in 2013. This accounted for 0.0 of a percentage point to the overall inflation rate.

 

COMMUNICATION: +0.1%

The Communication index recorded an increase of 0.1% in 2014 when compared to a ‘no change’ in 2013. This accounted for 0.0 of a percentage point to the overall inflation rate.

 

RECREATION AND CULTURE: +3.2%

The Recreation and Culture index increased by 3.2% in 2014 compared to an increase of 5.7% in 2013. This accounted for 0.1 of a percentage point to the overall inflation rate.

 

EDUCATION: -15.2%

The Education index decreased by 15.2% in 2014 compared to an increase of 6.0% in 2013. This accounted for      -1.6 of a percentage point to the overall inflation rate.

 

RESTAURANTS AND HOTELS: +4.0%

The Restaurants and Hotels index increased by 4.0% in 2014 compared to an increase of 10.6% in 2013. This accounted for 0.1 of a percentage point to the overall inflation rate.

 

MISCELLANEOUS GOODS AND SERVICES: +0.6%

The Miscellaneous Goods and Services index increased by 0.6% in 2014 compared to a decrease of 0.4% in 2013. This accounted for 0.0 of a percentage point to the overall inflation rate.

 

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