Correction Notice: For May and June Consumer Price Indices

Correction Notice:

Corrections were made to the May and June Special Indices as was published on September 4th, 2020.

In May, the year on year All Items Less Food rose 1.1%, All Items less Energy increase 1.3% and All Items Less Food and Energy increase by 1.2%.  In the Month to Month publication, All Items Less Food rose 0.8%, All Items Less Energy increase 0.6% and All Items Less Food and Energy increase by 0.9%.

In June, the year on year the All Items Less Food rose 1.1%, All Items less Energy increase 1.1% and All Items Less Food and Energy increase by 1.1%.  In the Month to Month publication, All Items Less Food remained unchanged, All Items Less Energy increase 0.1% and All Items Less Food and Energy remained unchanged.

Methodology

What is the consumer price index (CPI) measuring and how is it done?

The All Items Consumer Price Index (CPI) is the main measure of what is commonly called inflation, or headline inflation. It measures the change in prices, on average, from month to month, and from year to year of the goods and services bought by most households.

Prices are collected monthly and quarterly from supermarkets and other suppliers of goods and services. The pattern of household expenditure on these goods and services is derived from a regular household budget (or expenditure) survey (HBS). The prices and spending patterns (known as weights) are then combined to calculate the price indices for groups of goods and services and for the All Items index. These indices are based on expenditure patterns in 2006.

The All Items (or overall) index, with all of its eleven (11) component indices, is published each month.

2020 Monthly CPI Press Releases for April and May:

Monthly CPI Press Realease May 2020 (PDF – 103 KB)

Monthly CPI Press Realease April 2020 (PDF – 104 KB)

2020 Monthly CPI Publications for April to June:

Monthly CPI June 2020 (PDF – 318 KB)

Monthly CPI May 2020 (PDF – 317 KB)

Monthly CPI April 2020 (PDF – 317 KB)   Technical Note for CPI April 2020 (PDF – 161 KB)