Anguilla Consumer Price Index jumps 7.3%

Saturday, March 20, 2004

THE VALLEY, Anguilla: Anguilla's Consumer Price Index has recorded an annual increase of 7.3 percent for March 2004 compared to March 2003. 

The 2004 figure compares to an annual increase of 7.0 percent in December 2003. While the annual rate has been increasing since March of last year, the quarterly rate has been decreasing. 

There were a number of price shocks that occurred in 2003 which are now working their way through the economy, and next quarter is expected to see a slower 12-month increase.

The categories that showed the highest price changes during the first quarter of 2004 were Education 3.2 percent and Food at 1.1 percent. The main source of increased prices in the education category was private tutoring and among food products meats showed the highest price increases - in particular poultry meat. Clothing and footwear prices declined as some stores took advantage of the tourist season to put items on sale. 

Transport and Communications continued to show the highest annual rate of price increase in March 2004 at 26 percent. This was due to the price increase in the cost of the monthly rental of telephone lines, the baggage-screening fee at the airport and the security ticket tax that were implemented in June last year. 

Household goods showed an annual increase of 6.3 percent. 

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