St. John’s Antigua- According to the Statistics Division in the Ministry of Finance, in April 2012 the annual rate of inflation was measured at 4.4 per cent.
Food prices increased by 4.1 per cent over the 12-month period from April 2011, due to increased prices within various food sub-categories. Price increases were recorded for ground beef, oxtail, lard, margarine and milk.
Furnishings, Supplies and Operations recorded an increase of 10.0 per cent, attributed to average price increases in sofas and televisions.
The Fuel and Light index increased by 9.0 per cent, related to an increase in the fuel variation rate from 70 cents in April 2011 to 80 cents in April 2012.
The Transportation and Communication category registered a 3.8 per cent increase over the same period, attributed to a price increase of gasoline at the pump from $13.99 to $14.99 and price increases in vehicle operations and repairs.
In addition, the division released the Consumer Price Index for Apr 2012, which reflected a monthly increase (from March 2012 to April 2012) in the Food category of 1.6 per cent, in the Meat category of 1.2 percent, and the Milk subcategory of 3.1 per cent.
The Fruits and Vegetables category recorded an increase of 5.1 per cent, due to price increases in grapes, apples, broccoli and frozen vegetables.
The Fuel and Light category recorded an increase of 2.5 per cent due to an increase in the fuel variation rate from 77 cents in March 2012 to 80 cents in April 2012.
The Personal Services index recorded a decrease of 8.2 per cent, attributed to average price decrease in manicure, laundry and facial services.