Solomon Islands Government. Statistical Bulletin: 11/2011. HONIARA CONSUMER PRICE INDEX (June 2011)

Transcription

1 Solomon Islands Government Statistical Bulletin: 11/2011 HONIARA CONSUMER PRICE INDEX (June 2011) Solomon Islands National Statistics Office Ministry of Finance & Treasury PO Box G6 Honiara Enquiries: Tel: (677) 27835,

2 TABLE of CONTENTS Commentary 3 Table 1: THE HONIARA CONSUMER PRICE INDEX BY GROUP (4th Qtr 2005 =100) 4 Percentacge Change in the Index (a) On the same month a year ago 4 (b) 3 months moving average on same period a year ago 4 TABLE 2: PRICE INDEX OF IMPORTED ITEMS BY GROUP (4th Qtr 2005 =100) 5 Percentage Change in the Index (a) On the same month a year ago 5 (b) 3 months moving average on same period a year ago 5 TABLE 3: PRICE INDEX OF OTHER ITEMS BY GROUP 6 Percentage Change in the Index (a) On the same month a year ago 6 (b) 3 months moving average on same period a year ago 6 TABLE 4: THE HONIARA CONSUMER PRICE INDEX BY GROUP (Spliced Series) 7 Percentage Change in the Index 12 months moving average on same period a year ago 7 TABLE 5: COMPARATIVE PRICES OF SELECTED COMMODITIES 8

3 Commentary The Honiara Consumers Price Index for June fell 0.4% from in May to This was largely driven by declines in the prices of fresh fruit and vegetables at the Honiara market. The domestic Food sub-index (Table.3) dropped 1.4% to on account of declines in the prices of fresh fruit & vegetables at the Honiara market notably, tomatoes which fell 26.6% to $18.67/kg, spring-onions dropped by 21.5% to $16.94/kg, chinese-cabbage declined 14.3% to $11.57/kg and cooking bananas dropped by 2.4% to $6.24/Kg. These have outweighed price increases in other food items such as; coral fish which rose 4.7% to $36.43/kg, bush cabbage up by 4.2% to $7.90/Kg, kumara up by 2.4% to $3.36/Kg and Corned Beef increased 0.8% to result in a 0.8% decline in the overall Food sub-index. Changes in other sub-indexes are as follows:- Drinks & Tobacco fell 0.4%, on account of a 4.7% decline in the price cigarettes (from $21.40 to $20.40/pack of 25 rolls) which outweighed a 2.8% rise in the price of betel-nut. Clothing & Footwear slightly rose 0.1% due to a 2.3% increase in the price of bath towels. Household Operations was marginally up 0.1% on account of a 2.3% rise in the price of dry cell batteries. Apart from the above, price movements elsewhere in the consumption basket were negligible. Honiara Annual Inflation Rates (3 months moving average) Imported Other All Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr MayJune '09 '10 '11 The annual inflation rate to June 2011 calculated on a 3 months moving average basis was 7.3%, up 1.3 percentage points from 6.0% in May. The inflation rates for imported and other items were 9.0% and 6.2% respectively.

4 Table 1. THE HONIARA CONSUMER PRICE INDEX BY GROUP (4th Qtr 2005=100 ) Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Year/ Month Tobacco Footwear Utilities -nications Oth. Serv. Wght June July August September October November December January February March April May June July August September October November December January February March April/r May June Percentage Change in the CPI by Group (a) on the same month a year ago 2009 June July August September October November December January February March April May June July August September October November December January February March April/r May (b) 3 months moving average on same period a year ago 2009 June July August September October November December January February March April May June July August September October November December January February March April/r May June r = revised

5 Table 2. PRICE INDEX OF IMPORTED ITEMS BY GROUP (4th Qtr 2005=100) Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Year/ Month Tobacco Footwear Utilities -nications Oth. Serv. Wght June July August September October November December January February March April May June July August September October November December January February March April May June Percentage Change in Imported Items Index by Group (a) on the same month a year ago 2009 June July August September October November December January February March April May June July August September October November December January February March April May June (b) 3 months moving average on same period a year ago 2009 June July August September October November December January February March April May June July August September October November December January February March April May June

6 Table 3. PRICE INDEX OF OTHER ITEMS BY GROUP (4th Qtr 2005=100) Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Year/ Month Tobacco Footwear Utilities -nications Oth. Serv. Wght January February March April May June July August September October November December January February March April/r May June r = revised Percentage Change in Other Items Index by Group (a) on the same month a year ago 2010 January February March April May June July August September October November December January February March April/r May June (b) 3 months moving average on same period a year ago 2010 January February March April May June July August September October November December January February March April/r May June

7 Table 5. C O M P A R A T IV E P R IC E S O F S E L E C T E D C O M M O D IT IE S FOOD RICE (Solrais: 20kg Bag) NOODLE (Maggi: 85g pkt) FLOUR (plain white flour: 25kg bag) CHICKEN WING (imported, 500g pkt) TUNA (second grade Taiyo: 180g can) KUMARA HEAPS ($/Kg) SLIPPERY CABBAGE $/Kg WHITE SUGAR (Chelsea,500grm pkt) SALT (Sky salt, 1kg, ) DRINKS & TOBACCO SOLBREW BEER (Solbrew, 355ml bottle) TWIST TOBACCO (per stick) UTILITIES TRANSPORT & COMMUNICATION PETROL (cents per litre) TELEPHONE CHARGES (per call, within Honiara) MISCELLANEOUS GOODS & SERVICES BATH SOAP (Giv: 85g cake) TOOTHPASTE (Colgate: 110g) r = revised Year Year Year Year Year Year Year Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Jan Feb Mar Apr May June r r