Consumer Price Index Over the last 12 months, the CPI increased by 3.6%. Ten (10) of the twelve (12) sectors registered increases in prices. The increases that had the greatest influence on the CPI were registered for the âTransportâ (15.7%), âHousehold operationâ (6.2%), âFood and non-alcoholic beveragesâ (4.3%) and âRecreation and cultureâ (3.4%) sectors, which contributed with an effect of 1.85, 0.58, 0.47 and 0.34 ppts, respectively.
The increases in the remaining sectors had an effect of 0.52 ppts on the CPI of December 2020 – December 2021. Aforementioned increases were partially offset by decreases in the indices for the âHealthâ (-2.7%) and âCommunicationsâ (-0.6%) sectors, causing an effect of -0.06 and -0.05 ppts, respectively. The increase in the âTransportâ sector was mainly due to an increase in the category âOperation of personal transport equipmentâ (22.2%), which contributed to an effect of 1.56 ppts. The increase in the âHousehold operationâ sector was mainly due to increases in the categories âHousehold appliancesâ (13.1%) and âTools and equipment for house and gardenâ (33.0%), which contributed to an effect of 0.32 and 0.23 ppts, respectively. The increase in the âFood and non-alcoholic beveragesâ sector was mainly due to an increase in the category âFoodâ (4.6%), which contributed to an effect of 0.44 ppts. The increase in the âRecreation and cultureâ sector was mainly due to an increase in the category âAudio-visual, photographic and information processing equipmentâ (39.5%), which contributed to an effect of 0.21 ppts. The decrease in the âHealthâ sector was mainly due to a decrease in the category âMedical products, appliances and equipmentâ (-2.7%), which contributed to an effect of -0.04 ppts. The decrease in the âCommunicationsâ sector was due to a decrease in the category âTelephone and telefax equipmentâ (-11.6%), which contributed to an effect of -0.05 ppts.
Consumption basket Over the last year
52.7% of the products in the consumtion basket had an increase in price, causing an effect of 4.66 ppts, while 35.5% showed a decrease, contributing to an effect of -1.01 ppts and the remaining 11.8% had no change in price. The prices of goods increased by 5.1% and caused an influence of 2.88 ppts. The prices of services showed an increase of 1.8% and had an influence of 0.77 ppts.
Subsistence level Over the last 12 months,
the subsistence level for a household consisting of two (2) adults and two (2) children (aged 0-15 years) registered an increase of Afl. 150. Thisincrease was mainly due to increases in the âFood and non-alcoholic beveragesâ (Afl. 82) and âTransportâ (Afl. 41) sectors.
Change in prices of crude oil, utilities, gasoline and diesel
The average price per barrel of crude oil registered an increase of US$ 24.63 (52.7%) from US$ 46.78 in December 2020 to US$ 71.41 in December 2021. The energy index increased by 9.3% over the past 12 months. The indices of âGasolineâ and âDieselâ registered increases of respectively, 35.3% and 42.2% over the last year, contributing together with an effect of 1.42 ppts. The indiceses of the other two components of energy (âElectricityâ and âWaterâ) did not change over the past 12 months. The remaining 404 goods and services, as a group, show an increase of 2.6% and had an effect of 2.23 ppts on the CPI. Change in prices of Food & catering services Over the last 12 months, the âFood & catering servicesâ increased by 3.8%. The âFood at homeâ index showed an increase of 4.3%, where all of the âFood at homeâ food groups increased over the period. The âOils and fatsâ index increased by 15.2%, the largest increase among the âFood at homeâ food groups. Furthermore, other significant increases were posted in the indices for âFruitâ (10.2%), âMeatâ (7.1%), âPotatoes and other tubersâ (5.6%), âFish and other seafoodâ (3.2%) and âBread and cerealsâ (2.4%). The index for âFood away from homeâ increased by 2.7% over the last 12 months.
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