WILLEMSTAD – The figures from the Central Bureau of Statistics (CBS) released today show that the price level rose by 1.0 percent in August 2022 compared to July 2022 and the inflation rate rose to 5.8 in August 2022. per cent.
WILLEMSTAD
– The figures from the Central Bureau of Statistics (CBS) released today show that the price level rose by 1.0 percent in August 2022 compared to July 2022 and the inflation rate rose to 5.8 in August 2022. per cent.
Price development in the month of August 2022 compared to the previous month of July 2022
Price development in the month of August 2022 compared to the previous month of July 2022
The consumer price index (CPI) of Curaçao has increased by 1.0 percent in August 2022, compared to July 2022, it has developed from 115.0 in July 2022 to 116.1 in August 2022.
The consumer price index (CPI) of Curaçao has increased by 1.0 percent in August 2022, compared to July 2022, it has developed from 115.0 in July 2022 to 116.1 in August 2022.
In August 2022, all spending categories have become more expensive. The most important price changes during the month of August 2022 are the increase in the price of food (2.1%), home furnishings and household goods (1.4), other (1.0%), diesel (4.6%), electricity (3. 1%), water (2.5%), gasoline (0.3%), and kerosene becoming cheaper (-11.6%).
In August 2022, all spending categories have become more expensive. The most important price changes during the month of August 2022 are the increase in the price of food (2.1%), home furnishings and household goods (1.4), other (1.0%), diesel (4.6%), electricity (3. 1%), water (2.5%), gasoline (0.3%), and kerosene becoming cheaper (-11.6%).
Price development August 2022 compared to August 2021
Price development August 2022 compared to August 2021
The August 2022 CPI (116.1) is 8.7 percent higher than the August 2021 CPI (106.8). These figures indicate that the cost of living in August 2022 will be 8.7 percent higher than in the same month of 2021. The categories that contributed most to this growth are food (13.2%), home furnishings and household goods (12. .4%), and transport and communication (13.8%).
The August 2022 CPI (116.1) is 8.7 percent higher than the August 2021 CPI (106.8). These figures indicate that the cost of living in August 2022 will be 8.7 percent higher than in the same month of 2021. The categories that contributed most to this growth are food (13.2%), home furnishings and household goods (12. .4%), and transport and communication (13.8%).
Long-term price development: inflation August 2022
Long-term price development: inflation August 2022
Inflation reflects the loss of monetary value, i.e., purchasing power, as consumer prices for products and services rise over a longer period of time (usually 12 months). The inflation rate is therefore an indication of the average increase in the cost of living and is therefore recommended as an indexation tool for salaries, pensions, social benefits, minimum wage and other incomes.
Inflation reflects the loss of monetary value, i.e., purchasing power, as consumer prices for products and services rise over a longer period of time (usually 12 months). The inflation rate is therefore an indication of the average increase in the cost of living and is therefore recommended as an indexation tool for salaries, pensions, social benefits, minimum wage and other incomes.
Inflation in a given month is calculated by comparing the 12-month average CPI in that month with the 12-month average CPI in the same month a year earlier. Measured over the twelve-month period to August 2022, compared to the same period a year earlier, consumer prices rose on average by 5.8 percent in August 2022: the 12-month average CPI has developed from 104.7 in August 2021 to 110.7 in August 2022.
Inflation in a given month is calculated by comparing the 12-month average CPI in that month with the 12-month average CPI in the same month a year earlier. Measured over the twelve-month period to August 2022, compared to the same period a year earlier, consumer prices rose on average by 5.8 percent in August 2022: the 12-month average CPI has developed from 104.7 in August 2021 to 110.7 in August 2022.
https://www.curacaochronicle.com/post/main/consumer-prices-for-the-month-of-august-2022/
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