Minor decrease recorded in clothing & footwear prices
27 Jan '06
3 min read
The headline inflation rate at December 2005 (i.e. the Consumer Price Index for the historical metropolitan areas at December 2005 compared with that at December 2004) is 3.6 percent. The official inflation rate (i.e. the percentage change in the CPI for the historical metropolitan areas at December 2005 compared with that at December 2004) is 3.6 percent at December 2005.
This rate is 0.2 of a percentage point higher than the corresponding annual rate of 3.4 percent at November 2005 (i.e. the percentage change in the CPI for the historical metropolitan areas at November 2005 compared with that at November 2004).
This higher annual rate at December 2005 compared with that at November 2005 can be explained by an increase in the annual rate of change for: - The CPI for food for which the rate increased from 2.4 percent at November 2005 to a higher rate of 4.3 percent at December 2005. However, this increase was partially counteracted by decreases in the annual rates of change for: - The CPI for transport for which the rate decreased from 6.3 percent at November 2005 to a lower rate of 5.7 percent at December 2005. - The CPI for non-alcoholic beverages for which the rate decreased from 5.0 percent at November 2005 to a lower rate of 3.2 percent at December 2005. From November 2005 to December 2005 the Consumer Price Index for the historical metropolitan areas remained unchanged.
The annual increase of 3.6 percent in the Consumer Price Index for the historical metropolitan areas is mainly due to relatively large annual contributions in the price indices for food (+ 1.0 percentage point), transport (+ 0.8 of a percentage point), medical care and health expenses (+ 0.6 of a percentage point), household operation (+ 0.4 of a percentage point), education (+ 0.3 of a percentage point) and housing (+ 0.2 of a percentage point).
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