Page 8 - AHATA

Saturday 1 OctOber 2022 locAl
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Consumer Price Index, base period June 2019

- CPI excluding the effect crease of Afl. 42.50 cents
of energy and food – was (-12.7%) and had an effect
2.5% in August 2022. The of -0.84 ppts on the CPI. The
energy index - which con- price of diesel registered a
sists of the products: elec- decrease of Afl. 34.20 cents
tricity, water, gasoline and (-10.9%) and had an effect
diesel – was 10.8%. The of -0.05 ppts on the CPI of
food index showed an in- August 2022.
crease of 7.1%.
In August 2022, utilities, gas-
Subsistence level oline and diesel as a group
The subsistence level for showed an increase in
a household consisting of price of 8.4% compared to
two (2) adults and two (2) July 2022, and had an in-
children (aged 0-14 years) fluence of 1.49 ppts on the
The Central Bureau of Sta- During this month, seven to increases in the catego- in August 2022 is Afl. 5,278, CPI, while the remaining
tistics presents the most im- (7) of the twelve (12) sec- ries “Furniture, furnishings, an increase of Afl. 461 404 goods and services, as
portant findings for the Con- tors registered increases in carpets and other floor compared to August 2021 a group, show an increase
sumer Price Index (CPI) for prices. The increases that coverings” (23.0%) and (Afl. 4,817). The subsistence of 0.5% and had an effect
the month of August 2022. had the greatest influence “Household appliances” level for a single adult of 0.40 ppts on the CPI.
on the CPI were registered (6.6%), which contributed household is Afl. 2,513, an
Consumer Price Index for for the “Housing” (9.7%) to an effect of 0.21 and increase of Afl. 219 com- Change in prices of Food &
the month of August 2022 and “Household opera- 0.16 ppts, respectively. pared to August 2021 (Afl. catering services in August
The CPI for August 2022 is tion” (4.5%) sectors, which 2,294). 2022
106.43, an increase of 1.9% contributed with an effect The decrease in the “Trans- The “Food & catering ser-
compared to the index of of 2.32 and 0.40 ppts, re- port” sector was mainly due Change in prices of crude vices” index showed an

July 2022 (104.46) spectively. The to a decrease in the cat- oil, utilities, gasoline and increase of 1.4% in August
and accumulating an in- increases in the remain- egory “Operation of per- diesel in August 2022 2022, after an increase of
crease of 5.8% up to and in- ing sectors had an effect sonal transport equipment” The prices of utilities (elec- 0.7% in July 2022. The in-
cluding August of this year. of 0.30 ppts on the CPI of (-8.9%), which contributed tricity and water), gaso- dex for “Food at home”
The percentage change of August 2022. Aforemen- to an effect of -0.90 ppts. line and diesel are for the showed an increase of
the CPI over the last twelve tioned increases were par- greater part determined 1.6% in August, as ten (10)
(12) months (August 2021 to tially offset mainly by a de- Consumption basket by international crude oil of the eleven (11) “Food at

August 2022) is crease in the index for the The consumption basket prices. In August 2022 the home” indices increased
7.7, an increase of 6.3 per- “Transport” (-6.0%) sector, of the CPI consists of 408 average price per bar- in August 2022. The “Veg-
centage points (ppts) com- causing an effect of -0.94 goods and services. Com- rel of crude oil (US$ 93.74) etables” index registered
pared to the percentage ppts. The decreases in the pared to July 2022, 56.9% had a decrease of US$ 9.47 the largest increase (5.8%)
change for the same remaining sectors had an of these products had an (-9.2%) compared to July in August 2022. Further-
period of last year (1.4%). effect of -0.19 ppts on the increase in price, causing 2022 (US$ 103.21). more, other significant in-
CPI of August 2022. an effect of 3.47 ppts, while creases were posted in the
The period average (last 26.0% showed a decrease, The cost-price of electric- indicesfor “Fish and other
24 months) percentage The increase in the “Hous- contributing to an effect of ity and water in Aruba is seafood” (2.2%), “Meat”
change of the CPI for the ing” sector was mainly due -1.58 ppts and the remain- mainly based on the price (1.9%), “Fruit” (1.8%), “Milk,
periods August 2020 to Au- to increases in the catego- ing 17.2% had no change in of Heavy fuel oil (HFO). To cheese and eggs” (1.4%)
gust 2021 and August 2021 ries “Electricity, gas and price. The prices of goods minimize the risks of spikes and “Sugar, jam, honey
to August 2022 is 4.3%, an other fuels” (21.8%) and increased by 3.2% and in the price of HFO and and other confectionery”
increase of 5.4 ppts com- “Water supply and miscel- caused an influence of 1.86 stabilize the tariffs of elec- (1.4%).
pared to the period aver- laneous services relating ppts. The prices of services tricty and water for ex-
age percentage change to the dwelling” (17.3%), increased by 0.1% had an tended periods of time, The only decrease was reg-
over the periods August which contributed to an influence of 0.03 ppts on a hedging strategy was istered in the index of “Po-
2019 to August 2020 and effect of respectively, 1.59 the CPI of August 2022. developed by the Water- tatoes and other tubers”
August 2020 to August 2021 and 0.79 ppts. The increase en Energiebedrijf Aruba (-4.6%).
(-1.1%). in the “Household opera- Core inflation N.V. (WEB). Hedging was Over the last twelve (12)
tion” sector was mainly due The CPIC (core inflation) used until 2021. It was an- months, the “Food & cater-
nounced in July 2022, that ing services” has increased
new tariffs for electricty by 10.3%. The “Food at
and water would be in- home” index showed an
troduced, starting August increase of 12.1%, where
2022. Subsequently, the all of the “Food at home”
average electricity price indices increased over the
per household increased last year. The “Oils and fats”
by 22.7% from Afl. 240.09 to index increased by 16.8%,
Afl. 294.56 and had an ef- the largest increase among
fect of 1.59 ppts, while the the “Food at home” food

average price of water per groups. Furthermore, other
household increased by significant increases were
22.4% from Afl. 137.05 to posted in the indices for
Afl. 167.75 and had an ef- “Fruit” (16.4%), “Meat”
fect of 0.79 ppts on the CPI (16.2%), “Milk, cheese and
of August. eggs” (12.7%), “Fish and
In August 2022 the price of other seafood” (12.4%) and
gasoline registered a de- “Vegetables” (11.7%).q