WILLEMSTAD – The figures from the Central Bureau of Statistics (CBS) announced today show that the price level in December 2022 increased by 0.6 percent compared to November 2022 and the inflation rate rose to 7.4 percent in December 2022.
WILLEMSTAD
– The figures from the Central Bureau of Statistics (CBS) announced today show that the price level in December 2022 increased by 0.6 percent compared to November 2022 and the inflation rate rose to 7.4 percent in December 2022.
Price development month December 2022 compared to the previous month November 2022
Price development month December 2022 compared to the previous month November 2022
The consumer price index (CPI) of Curaçao increased by 0.6 percent in the month of December 2022, compared to the month of November 2022, it has developed from 116.9 in November 2022 to 117.6 in December 2022.
The consumer price index (CPI) of Curaçao increased by 0.6 percent in the month of December 2022, compared to the month of November 2022, it has developed from 116.9 in November 2022 to 117.6 in December 2022.
In December 2022, most spending categories have become more expensive, with the exception of the housing spending category (-2.5%). The most important price changes during the month of December 2022 are the increase in the price of food (0.9%), recreation and development (1.6%), home furnishings and household goods (1.5%), and transport and communication (3.3%), including gasoline (0.2%). The housing expenditure category has also become cheaper (-2.5%), including electricity (-9.9%), water (-4.6%) and kerosene (-6.0%).
In December 2022, most spending categories have become more expensive, with the exception of the housing spending category (-2.5%). The most important price changes during the month of December 2022 are the increase in the price of food (0.9%), recreation and development (1.6%), home furnishings and household goods (1.5%), and transport and communication (3.3%), including gasoline (0.2%). The housing expenditure category has also become cheaper (-2.5%), including electricity (-9.9%), water (-4.6%) and kerosene (-6.0%).
Price development December 2022 compared to December 2021
Price development December 2022 compared to December 2021
The December 2022 CPI (117.6) is 8.3 percent higher than the December 2021 CPI (108.5). These figures indicate that the cost of living will be 8.3 percent higher in December 2022 than in the same month of 2021. The spending categories that contributed most to this growth are food (15.2%), home furnishings and household goods (12.6%), transportation and communications (11.2%), and beverages and tobacco (10.9%).
The December 2022 CPI (117.6) is 8.3 percent higher than the December 2021 CPI (108.5). These figures indicate that the cost of living will be 8.3 percent higher in December 2022 than in the same month of 2021. The spending categories that contributed most to this growth are food (15.2%), home furnishings and household goods (12.6%), transportation and communications (11.2%), and beverages and tobacco (10.9%).
Long-term price development: inflation December 2022
Long-term price development: inflation December 2022
Inflation reflects the loss of monetary value, ie purchasing power, because consumer prices for products and services rise over a longer period (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 indexing tool for salaries, pensions, social benefits, minimum wage and other incomes.
Inflation reflects the loss of monetary value, ie purchasing power, because consumer prices for products and services rise over a longer period (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 indexing 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 up to and including December 2022, compared to the same period a year earlier, consumer prices increased by an average of 7.4 percent in December 2022: the 12-month average CPI has developed from 106.0 in December 2021 to 113.8 in December 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 up to and including December 2022, compared to the same period a year earlier, consumer prices increased by an average of 7.4 percent in December 2022: the 12-month average CPI has developed from 106.0 in December 2021 to 113.8 in December 2022.
https://www.curacaochronicle.com/post/main/the-development-of-consumer-prices-in-curacao-for-the-month-of-december-2022-and-the-inflation-rate-for-the-year-2022/
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