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St. Maarten consumer prices decreased in June

WEDNESDAY, 14 AUGUST 2013

PHILIPSBURG–According to the Department of Statistics STAT, the consumer price index for St. Maarten has decreased in June, 2013, by 0.1 per cent compared to that of April 2013.  Additionally, the rate of inflation continues to ease when comparing average consumer prices over a 12 month period (June 2012 to June 2013), an increase of 2.7 per cent was recorded compared to the same period one year earlier. In June 2013, four of the nine expenditure categories have become more expensive, whilst four became cheaper and one remained unchanged.

Amongst the more expensive were the categories: food (+2.1 per cent), clothing and footwear (+0.2 per cent), medical care (+0.1 per cent), and transport and communication (+0.2 per cent).  Whereas, beverages and tobacco (-0.2 per cent), housing (-1.1 per cent), household furnishing and appliances (-0.2 per cent), and recreation and education (-0.1 per cent) became cheaper, miscellaneous remained stable.

Within the expenditure category “Food” it was noted that eight of the nine food groups became more expensive whilst one became cheaper. The following increases were recorded in each food group: grain (+0.9 per cent), meat and fish (+2.7 per cent), fats and oils (+1.3 per cent), dairy products (+1.7 per cent), potatoes, vegetables and fruit (+3.4 per cent), pre-cooked dishes (+2.9 per cent), eating-out (+0.4 per cent) and other food resources (+2.1 per cent). Whilst the food group sugar and chocolate (-0.7 per cent) became slightly cheaper.

Within the expenditure category “Housing” it was noted that two of the five product groups became more expensive whilst two became cheaper and one remained stable. The product groups: “dwelling costs” and “maintenance of dwelling’ both increased by 0.4 per cent and 1.7 per cent respectively, whilst “energy expenses” and “garden maintenance” decreased by 6.6 per cent and 0.3 per cent respectively. A decrease in the consumer price of electricity by eight per cent largely influenced the total price change within the product group “Energy expenses.”

Whilst an increase of 5.4 percent recorded in the consumer prices of paint largely influenced the total price change within the product group “maintenance of dwelling.” Within the expenditure category “Transport and Communication” one of the four product groups became more expensive, whilst three remained unchanged and one became cheaper. Noteworthy is that the product group “Vehicle Expenses” was largely in- fluenced by the following products: gasoline (+1.2 per cent), diesel (-6.0 per cent).

Bron: The Daily Herald, St. Maarten

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