Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698831009463.pdf (Saint Vincent and the Grenadines)
THE STATISTICAL OFFICE MINISTRY OF FINANCE, ECONOMIC PLANNING ETC.

ST VINCENT AND THE GRENADINES Tel: 784 457 2921, 456 1111 Ext 592/353 Fax: 784 456 2430 Vol.

13 No.1 January 2023 i TABLE OF CONTENTS Page No.

Analysis – 1 Table No.

1 Average Retail Price of Selected Items 3 2 Average Retail Price of Selected Items January 2023 compared With January 2022 4 3 The Consumer Price Index by main groups 8 4 The Consumer Price Index contribution to change by Groups 10 5 Monthly Items by Group 11 Chart No.
1 COICOP Percentage Change for the Month of January 2023 9 * * * 1 JANUARY 2023 The consumer price index recorded a decrease of 0.2 percent for the month of January 2023, compared to 0.6 percent decrease for the month of December 2022 (see table 3).

During the month of January 2023, the “All Items” index was recorded at 121.4 compared to 121.6 for the month of December 2022.
Four (4) groups recorded a decrease during the month namely, “Clothing and Footwear” (1.7%), “Health" (0.8%), "Housing, Water, Electricity, Gas and Other Fuels” (0.7%) and “Food and Non-Alcoholic Beverages” (0.6%).
Seven (7) groups recorded increases for the month, “Furnishings, Household Equipment and Household Maintenance” (2.9%), “Miscellaneous Goods and Services” (1.3%), “Education” (1.1%), “Hotels and Restaurants” (0.6%), “Recreation and Culture” (0.4%), “Alcoholic Beverages, Tobacco and Narcotics” (0.1%) and “Transport” (0.1%).

(See table 3).
(See table 3).

“Clothing and Footwear” declined by 1.7 percent as a result of decreases in the prices for women's short pants (19.4%), men's long jeans (12.9%), brassiere (12.7%) and men sandals (7.1%).

The index for “Health” decreased by 0.8 percent due to a decrease in the price of a retinal examination (33.3%), pain relievers (5.7%) and drugs for hypertension (3.4%).
Meanwhile, the “Housing, Water, Electricity, Gas and Other Fuels” group index recorded a decrease of 0.7 percent due mainly to a decrease in the price of electricity (10.2%).

The “Food and Non Alcoholic Beverages” group index recorded a 0.6 percent decline as a result of lower prices for a number of items namely; local cabbage (20.1%), fish – ballahoo (20.0%), sweet pepper (20.0%), packaged flour - white (14.9%), evaporated milk (12.8%), chicken wings (12.2%) and powdered milk (4.9%).
“Furnishings, Household Equipment and Household Maintenance” group index grew by 2.9 percent on account of an increase in the price of a refrigerator (13.3%), powdered detergent (11.7%) and bathroom tissue (2.8%).

2 The 1.3 percent increase in the group index for “Miscellaneous Goods and Services” resulted from an increase in the price for sanitary napkins (28.1%) and day care services (14.0%).
Meanwhile, the “Education” group index recorded an increase of 1.1 percent on account of higher tuition fees at St. Augustine Campus (8.6%) and Mona Campus (1.1%).

The 0.6 percent increase in “Hotels and Restaurants” group index was due to an increase in the price for pizza (10.0%), sandwich (4.0%) and accommodation services at overseas universities (1.7%).
Higher prices for a television (13.8%) and dog food (4.6%) were responsible for the 0.4 percent increase in the group index for “Recreation and Culture”.

The group index for “Alcoholic Beverages, Tobacco and Narcotics” increased by 0.1 percent due to higher prices for Irish cream (11.1%), gin (4.7%) and local port wine (2.0%).
Similarly, the 0.1 percent increase in the “Transport” index was mainly on account of an increase in passenger airfare from St Vincent and the Grenadines to Miami (70.2%), New York (59.4%), Toronto (45.3%) and St. Lucia (6.5%).

The point-to-point inflation rate stood at 5.8 percent for the month of January 2023 compared to 3.8 percent for January 2022.
The groups that accounted for the largest increases during the period were, “Hotels and Restaurants” (14.7%), “Food and Non-Alcoholic Beverages” (13.4%), “Furnishings, Household Equipment and Household Maintenance” (10.9%) and “Transport" (10.5%) (See table 3).

The consumer price index decreased by 0.2 percent for January 2023.

The point-to-point inflation rate stood at 5.8 due to relative price changes during the month of January 2023 compared with the same period in the previous year.
Unit Average Price ChangePercentageItemsof EC$in ChangeQuantityJanuaryDecemberPricein20232022PriceINCREASEDCornmeal - packaged340g4.904.750.153.2Chicken thighsLb5.384.131.2530.3Smoked herringLb14.8611.023.8434.8Gin1L Bottle92.8588.654.204.7Irish Cream1L Bottle117.18105.5211.6611.1Port wine - local26oz Bottle28.4127.850.562.0Refrigerator - 10 cu.ft.Each3399.993000.00399.9913.3Powdered detergent1.7 Kg Pk24.1621.632.5311.7Bathroom tissue - 315 Sheets rollEach2.602.530.072.8Passenger airfares from St. Vincent and the Grenadines to:Miami Month4724.692776.671948.0270.2New YorkMonth3715.502331.101384.4059.4TorontoMonth4787.183293.671493.5145.3St.
LuciaOne way747.47702.0945.386.5Television 55"Each3599.003162.71436.2913.8Dog food22.7Kg Pk163.65156.457.204.6Tuition fee :St. AugustineAnnual5060.524658.02402.508.6MonaAnnual5488.975427.3661.611.1Pizza Each19.2517.501.7510.0SandwichEach25.7524.751.004.0Accomodation Services - Hall of residenceSemester 4172.164104.3267.841.7Sanitary napkins10 pieces per Pk5.704.451.2528.1Day care servicesPer month285.00250.0035.0014.0DECREASEDPackaged flour - white1 Kg4.505.29-0.79-14.9Chicken wingsLb5.426.17-0.75-12.2Fish - ballahooLb2.002.50-0.50-20.0Evaporated milk405g Tin3.954.53-0.58-12.8Powdered milkLb8.599.03-0.44-4.9Cabbage - localLb3.974.97-1.00-20.1Sweet pepperLb7.078.84-1.77-20.0Women's short pants Each49.9561.95-12.00-19.4Men's long jeansEach64.6274.23-9.61-12.9Brassiere Each79.9591.57-11.62-12.7Men's sandalsPair104.00112.00-8.00-7.1Electricity150Kwh153.78171.23-17.45-10.2Drugs for hypertension28 Tablets7.948.22-0.28-3.4Pain relievers20 Tablets5.666.00-0.34-5.7Retinal examinationVisit120.00180.00-60.00-33.3Table 1Average Retail Price of Selected Items3 UnitChangePercentageItemsofinChangeQuantityJanuary January Pricein20232022PriceFOOD AND NON-ALCOHOLIC BEVERAGESRice - Loose1lb1.991.940.052.58Rice - Packaged2kg9.779.570.202.09Flour - Loose1 lb1.911.380.5338.41Flour - Packaged ( white)2kg9.136.942.1931.56Flour - Packaged ( wholewheat)2kg9.627.182.4433.98Cornflakes 510g Box14.7511.583.1727.37Bread - Large Sandwich Loaf (white)Each5.144.190.9522.67Bread- Small Loaf, white5 pk2.912.380.5322.27Bread - Large Sandwich Loaf (whole wheat)Each6.145.590.559.84Crix - salted crackers, White288g (3 pk)6.515.580.9316.67Pasta - Elbows340 g5.264.860.408.23Beef - Fresh1 lb10.009.001.0011.11Pigtail - salted1 lb12.1010.251.8518.05Chicken - Leg Quarters1 lb3.723.200.5216.25Chicken - Backs1 lb2.662.100.5626.67Chicken - Wings1 lb5.424.740.6814.35Turkey Wings1 lb4.963.891.0727.51Luncheon Meat (pork)340 g9.038.520.515.99Corned beef340g10.158.391.7620.98Fish - Fresh (Deep Sea)1 lb12.009.003.0033.33Fish - Fresh (Jacks)1 lb4.565.00-0.44-8.80Fish
 - Fresh (Robin)1 lb4.555.00-0.45-9.00Codfish1 lb15.1514.990.161.07Sardine in soya oil106g Tin5.134.630.5010.80Milk - Evaporated410g Tin3.923.170.7523.66Powdered milk - full cream1 lb8.597.511.0814.38Eggs1 Doz12.1010.381.7216.57Margarine445g Tub12.6810.082.6025.79Soya bean oil 1Litre16.7014.512.1915.09Coconut oil750ml Bottle32.5429.313.2311.02Bananas (ripe)1 lb1.631.580.053.16Limes1 lb3.895.00-1.11-22.20Tomatoes1 lb7.586.680.9013.47Sweet Potatoes1 lb2.763.01-0.25-8.31Yams1 lb3.094.23-1.14-26.95Sugar - Brown ( loose)1 lb2.371.720.6537.79Sugar - White ( loose)1 lb2.672.440.239.43Ice cream1 Litre Tub18.0616.871.197.05Tomato Ketchup750ml Bottle9.517.002.5135.86Orange Juice1 Litre box8.357.041.3118.61Vitamalt310 ml Bottle5.915.780.132.25 Table 2.1Average Retail Price of Selected Items January 2023 Compared With January 2022AverageEC$4 UnitChangePercentageItemsofinChangeQuantityJanuary January Pricein20232022PriceALCOHOLIC BEVERAGES, TOBACCO & NARCOTICSRum - Local (White)750 ml Bot.38.8332.746.0918.60Beer - Local 280 ml Bot.4.905.05-0.15-2.97Cigarettes Pkt.
(10)3.603.380.226.51Table wine (local)26 oz Bot.28.4125.063.3513.37Vodka750ml Bot.51.1249.032.094.26CLOTHING & FOOTWEARTextile material - Cotton 1Yd.14.0913.730.362.62Textile material - Tetrex 1Yd.11.3510.440.918.72Men's Shirts - Long SleeveEach75.9875.980.000.00Men's Jeans ( long)Pair64.6269.98-5.36-7.66Men's Shoes -FormalPair113.46134.50-21.04-15.64Women's Shoes - Formal Pair73.1970.502.693.82Women's Blouse Each36.0740.97-4.90-11.96School shirt - white, size 10Each15.4116.45-1.04-6.32School overal , navy blue, size 8Each49.8246.952.876.11HOUSING, WATER, ELECTRICITYGAS AND OTHER FUELSRent : Unfurnished House - 2 BedroomsMonth805.00805.000.000.00 Unfurnished House - 3 BedroomsMonth750.00750.000.000.00Furnished Apartment - 2 BedroomsMonth785.00785.000.000.00Water - Consumption Charge5000 Gallons35.0035.000.000.00Electricity Consumption Charge 300 KWH299.32296.133.191.08Cooking Gas20 Lb.
Cyl.45.7643.901.864.24FURNISHING, HOUSEHOLD EQUIPMENT AND HOUSEHOLDMAINTENANCEBed - queen sizeEach2,866.612,537.72328.8912.96Sheets - queen size, 300 thread count, 100% cottonEach203.14169.9533.1919.53Dinner forksEach3.864.95-1.09-22.02Powder detergent500g Pk5.234.560.6714.69Toilet tissue, 280 sheets per roll1 Roll1.921.510.4126.90 Table 2.2Average Retail Price of Selected Items January 2023 Compared With January 2022AverageEC$5 UnitChangePercentageItemsofinChangeQuantityJanuary January Pricein20232022PriceHEALTHDoctor's Fee - GynaecologistVisit80.0080.000.000.00Doctor's Fee - General PractitionerVisit60.0060.000.000.00Blood test - CBCTest27.3927.390.000.00Drugs for Hypertension Month supply5.255.250.000.00Drug for Diabetes Month supply6.266.54-0.28-4.28Dental CareVisit146.21143.562.651.85TRANSPORT Petrol - UnleadedGallon15.0614.560.503.43Vehicle License (car) - not exd.
3000 lbsYear680.00680.000.000.00Bus Fare - Mesopotamia1-Way3.503.000.5016.67Boat Fare - Bequia1-Way25.0025.000.000.00Parking fees1 Hour2.502.500.000.00Airfare - SVG to Barbados1-Way501.51376.07125.4433.36COMMUNICATIONFixed Line Domestic Rate - peak1 Minute0.080.08Telephone - Consumption Charge226 Units18.0818.080.000.00Mobile to Mobile - domestic (off network)1 Minute0.990.990.000.00Internet1 month120.00120.000.000.00Cable TV charges (basic)1 month69.0069.000.000.00RECREATION AND CULTURETelevision 43 " (smart TV)Each1,381.481,506.25-124.77-8.28Tablet - 10.1"Each341.52546.45-204.93-37.50Laptop Computer - 8 GBEach1,597.211,240.88356.3328.72Dog Food (Canned)375 g Tin12.3710.222.1521.04Carnival costume and Band Fees (Adult)Each400.00400.000.000.00Mathematics textbookEach86.5586.550.000.00NewspapersEach1.501.500.000.00 Table 2.3Average Retail Price of Selected Items January 2023 Compared With January 2022AverageEC$6 UnitChangePercentageItemsofinChangeQuantityJanuary January Pricein20232022PriceEDUCATIONPre-Primary - PrivateMonth297.50275.0022.508.18Primary School Fee - PrivateTerm1350.001233.33116.679.46Secondary School Fee - PrivateTerm150.00150.000.000.00Tertiary Education Tuition - undergraduate, social sciencesAnnual 8140.808140.800.000.00Private tutor Per Session20.0020.000.000.00HOTELS AND RESTAURANTSPizza, pepperoniEach19.5017.751.759.86Chicken Lunch - regularEach15.0012.003.0025.00Fish Lunch - regularEach20.0015.005.0033.33Fast Food - 2 Pc Chicken and FriesEach21.8518.753.1016.53Roti - BeefEach13.4212.001.4211.83School meals - Bread and ChickenEach3.673.83-0.16-4.18MISCELLANEOUS GOODSAND SERVICESWomen's Hairdressing ( Relaxer )Visit72.4669.822.643.78Men's Haircut, Regular Visit10.0010.000.000.00Disposable diapers, Medium, 22pcs1 pack23.7018.942.9115.36Toothpaste170g Tube13.7511.222.5322.55Roll -on75ml bottle8.157.740.415.30Sanitary napkins, regular, with wings10 per pack5.755.500.254.55Toilet Soap110g4.343.510.8323.65Elderly care ServicesMonth1800.001800.000.000.00Day care services (children < 2 years)
 Month275.00275.000.000.00Health Insurance - Group (family) ≥3 PersonsMonth307.00307.000.000.00Motor Vehicle Insurance - 3rd partyAnnual432.62432.620.000.00 Table 2.4Average Retail Price of Selected Items January 2023 Compared With January 2022AverageEC$7 GroupsWeightDecemberJanuary January 202220232022 Month YearDecemberJanuary 01.Food and Non-Alcoholic Beverages21.91143.8142.9126.0-0.613.402.Alcoholic Beverages, Tobacco & Narcotics3.87130.7130.8127.30.12.703.Clothing and Footwear3.22106.3104.5104.6-1.7-0.104.Housing, Water, Electricity, Gas and other Fuels30.06107.6106.9105.1-0.71.705.Furnishings, Household Equipment and Household Maintenance6.59122.1125.7113.32.910.906.Health1.79122.3121.3117.8-0.83.007.Transport11.84140.3140.5127.20.110.508.Communication9.41112.0112.0112.00.00.009.Recreation and Culture3.81111.7112.1110.00.41.910.Education1.32110.7111.9108.91.12.811.Hotels and Restaurants1.87131.1131.9115.00.614.712.Miscellaneous Goods and Services4.31109.2110.6106.51.33.8ALL ITEMS 100.00121.6121.4114.7-0.25.8Table 3The Consumer Price Index by Main GroupsJanuary 2010 = 100Percentage Change Over Previous:8 9-2.0-1.5-1.0-0.50.00.51.01.52.02.53.0Food and Non-Alcoholic BeveragesAlcoholic Beverages, Tobacco & NarcoticsClothing and FootwearHousing, Water, Electricity, Gas and other FuelsFurnishings, Household Equipment andHousehold MaintenanceHealthTransportCommunicationRecreation and CultureEducationHotels and RestaurantsMiscellaneous Goods and Services-0.60.1-1.7-0.72.9-0.80.10.00.41.10.61.3% PercentCOICOP GroupsChart 1.
COICOP Groups Percentage Change for January 2023 Contribution to Change Change in% ContributionGroupsWeightDecemberJanuary PercentageDecemberJanuary Costto 20222023Change20222023WeightChange1.Food and Non-Alcoholic Beverages21.91143.8142.9-0.63,150.663,130.94-19.798.62.Alcoholic Beverages, Tobacco & Narcotics3.87130.7130.80.1505.81506.200.4-1.93.Clothing and Footwear3.22106.3104.5-1.7342.29336.49-5.829.04.Housing, Water, Electricity, Gas and other30.06107.6106.9-0.73,234.463,213.41-21.0105.2Fuels5.Furnishings, Household Equipment and 6.59122.1125.72.9804.64828.3623.7-118.6Household Maintenance6.Health1.79122.3121.3-0.8218.92217.13-1.88.97.Transport11.84140.3140.50.11,661.151,663.522.4-11.88.Communication9.41112.0112.00.01,053.921,053.920.00.09.Recreation and Culture3.81111.7112.10.4425.58427.101.5-7.610.Education1.32110.7111.91.1146.12147.711.6-7.911.Hotels and Restaurants1.87131.1131.90.6245.16246.651.5-7.512.Miscellaneous Goods and Services4.31109.2110.61.3470.65476.696.0-30.2ALL ITEMS 100.00121.6121.4-0.212,160.0012,140.00-20.0100.0Table 4The Consumer Price Index by Main GroupsJanuary 2010 = 100Cost Weight10 GroupsAllFood AlcoholicClothingHousingFurnishingsHealthTransportCommuni-RecreationEducationHotelsMiscell-Items&Beverages&WaterHouseholdcation&&aneousNon-TobaccoFootwearElectricityEquipmentCultureRestaurantsGoodsAlcoholic& NarcoticsGas and&and BeveragesFuelsHouseholdServicesMaintenance WEIGHT100.0021.913.873.2230.066.591.7911.849.413.811.321.874.31 MONTHJanuary121.4142.9130.8104.5106.9125.7121.3140.5112.0112.1111.9131.9110.6TABLE 5Monthly Index - 2023January 2010 = 10011