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CPI Downloads and Overview (Sept_11)

icon 03 SeptQtr11 (764.73 kB)

 

 

CPI Figures at a Glance

 

Niue Consumer Price Index:

September 2011  

Main mover of CPI

for this quarter:

Base Year 2003 = 100 points

Transport and Communication Group 2.47%

September 2011 : 153.3 points

Price increase relative to Base Year:

June 2011 : 148.2 points

Percentage increase (8.0 years) 53.3%

Movements / Inflation:

Price Increase (Sep’11) $53.26

3 months 3.4%

Current Price (Sep ‘11) $153.26
 

 

CPI Overview

Statistics Niue is very happy to put out this statistical release of the Niue Consumer Price Index (CPI) for the quarter ending September 2011.

What is the Consumer Price Index? Consumer Price Index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. (ILO Consumer Price Index Manual: Theory and Practices (2004))

 

The Niue Consumer Price Index : September 2003 – March 2011

CPISeptQter2011

 

The CPI: The Niue Consumer Price Index (CPI-All Groups denotes CPI) for the quarter ending September 2011 stood at 153.3 points, 5.2 points (rounded) higher than that of the previous quarter ending June 2011. This difference is translated to a 3.48% price movement or inflation rate (View table). It indicates that in general the prices of goods and services purchased by consumers have increased by almost four percent in the last three months (June- September) compared to the 0.12% movement in the previous three months ending June 2011. The YTD (year to date: January-September 2011) movement of the CPI now stood at 3.6% high or a general level of increase of prices of goods and services bought by consumers. There is projection for it to further increase in the next quarter.

For access to all tables - icon Download the Excel Table Package

 

CPI Movements (3, 6, 12 Months)

The Niue Consumer Price Index Movements (3, 6 and 12 months) for the quarter ending September 2011

Table 2: Point Differences and Relative Price Movement Rates for Individual groups for the Quarter, Six-Months and 12-Months ending September 2011. View or icon Download the Excel Table Package

 

2.1       Three months or quarterly movement

The quarterly (3 months) inflation rate or price movement came to 3.48%; ranging from 13.87% high in the Transport and Communication group to a low of 0.05% in the Household Operations group. The item groups with significance movements (more than the CPI) were Transport and Communication (13.87%) and Tobacco and Alcohol (4.84%).

 

2.2       Six and Twelve month’s movements:

For the six months period to September 2011 the inflation rate was 3.60%. Items in the Food, Housing, Transport and Communication, and Miscellaneous groups were the main movers.

 

For the twelve months period (September 2010 to September 2011) the inflation rate stood at 4.0%, and the main movers were commodities in the Tobacco and Alcohol (12.9%), and Transport and Communications (11.3%) groups.

 

2.3       Groups’ contributions to the price movements: 

The original percentage contributions of the different groups to the CPI were determined by the weights allocated to the ‘basket of goods and services’- the basket and weights were rebased in September 2003.  

At the end of this quarter (September 2011) the major contributor to the 3.48 % inflationwere items from Transport and Communication group with a total contribution of 2.47%.

 

Table 3: Groups’ contributions to the CPI for Quarter ending September 2011. View

 

 CPI_cntrib

 

Chart 3: The Group’s Contributions to All Groups Changes – September 2011. 

  

Note: Numerical difference of figures is the result of rounding.

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