Food prices dropped in April

ICPI Food prices dropped in April.

The Central Bureau of Statistics in the National Planning Commission has released the Interim Consumer Price Index (ICPI) for April 2004. The ICPI shows that there has been a decline in the monthly rate of inflationary increase for April which was 0.03 per cent; a decrease of 0.6 per cent on March’s 0,62 per cent.This was due to a decrease in the prices of food, miscellaneous goods and services, beverages and tobacco as well as recreation, education, medical care and health services, said the bureau.However prices of transport and communications (1,6 per cent), clothing and footwear (0,8 per cent), household goods and services (1,6 per cent), housing, fuel and power (0,1 per cent) all increased.April’s annual inflation increased to 4.1 per cent from 3,8 per cent in March.Imported goods also recorded an annual inflation rate of 1,7 per cent, “a decrease of 0,5 points over the March rate of 2,2 per cent.”Annual inflation for domestic services was 6,4 per cent while domestic goods were 6 per cent.The ICPI shows that there has been a decline in the monthly rate of inflationary increase for April which was 0.03 per cent; a decrease of 0.6 per cent on March’s 0,62 per cent.This was due to a decrease in the prices of food, miscellaneous goods and services, beverages and tobacco as well as recreation, education, medical care and health services, said the bureau.However prices of transport and communications (1,6 per cent), clothing and footwear (0,8 per cent), household goods and services (1,6 per cent), housing, fuel and power (0,1 per cent) all increased.April’s annual inflation increased to 4.1 per cent from 3,8 per cent in March.Imported goods also recorded an annual inflation rate of 1,7 per cent, “a decrease of 0,5 points over the March rate of 2,2 per cent.”Annual inflation for domestic services was 6,4 per cent while domestic goods were 6 per cent.