Honiara Consumer Price Index for June 2006
The June CPI of 336.6 marks an increase of 1.8% from the May Index of 330.8. The rise was predominantly due to increases in the prices of rice, kerosene and local food, but was also offset by a slight drop in the price of betel nut.
In June, the price of a 20kg bag of rice rose on average by 8.3% to $102.93 whilst that of kerosene increased from $6.26 to $6.76 per litre. The average price of market produce also rose by 9 % mainly on account of increases in the prices of slippery cabbage which went up by 12.8% to $7.64 per kg, tomatoes (up 13.3% to $35.66 per kg) and cucumbers (up 8% to $6.53/kg). These were slightly offset by a marginal drop (0.4 cents) in the price of betel nut to result in the 1.8% rise in the index for the month.
Annual inflation, measured on a 3months moving average basis as at the end of June was 9.6% compared to 9.1% in May. The inflation rates for imported and domestically produced items were 6.0% and 10.9% respectively.
Source: Government Communication Unit