December CPI goes up 1.7% year-on-year

  • Business
  • Thursday, 16 Jan 2003

THE consumer price index (CPI) for December rose 1.7% year-on-year and was 0.2% higher than in November, the Statistics Department said. 

In a statement, the department said the CPI for 2002 rose 1.8% year-on-year due to increases in all main indices except for clothing and footwear, which fell 2.3%; and furniture, furnishings and household equipment which was 0.4% lower. 

Among indices that rose during the year were transport and communication, up 6.6%; beverages and tobacco, 4.2%; and medical care and health expenses, 2.4%. 

Three main groups – food; gross rent, fuel and power; and transport and communication – collectively accounted for 91.7% of the overall increase in the CPI in 2002, the department said. 

The 0.2% month-on-month rise in December was due mainly to increases in the indices of three main groups: food, which rose 0.7%; medical care and health expenses, 0.1%; and miscellaneous goods and services, also 0.1%, it added. – AFX 

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