April CPI up 7.5% year-on-year
Food prices rose 8.5 per cent year-on-year in April, due mainly to dearer cooked food, milk products and some other items, the Department of Statistics said yesterday.
On the whole, last month’s consumer price index (CPI) jumped 7.5 per cent from a year earlier.
The prices of goods in all segments rose. The biggest increase was in housing costs, which surged 11.8 per cent due to higher accommodation costs and electricity tariffs. Excluding accommodation costs, the CPI rose 6.9 per cent year-on-year.
As a result of dearer petrol and higher taxi fares and car prices, the cost of transport and communication rose 7 per cent year-on-year in April.
The cost of recreation and other items was 4.5 per cent higher than a year earlier, while healthcare costs were 6.7 per cent higher.
The cost of clothing was a marginal one per cent higher, while education and stationery was 4.9 per cent dearer.
The CPI for the first four months of 2008 was 6.9 per cent higher than in the same period last year. Excluding accommodation costs, it was 6.2 per cent higher.
All indices except one went up in April compared with March. The exception was clothing and footwear, which dipped 0.2 per cent.
And on a seasonally adjusted basis, the CPI in April was 0.9 per cent higher than in March.
The CPI is based on 5,170 brands and varieties of goods. A weighting pattern is derived from the expenditure records of about 5,400 households, which represent the middle 90 per cent by spending of all households with two or more people.
Source : Business Times - 24 May 2008
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