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And on an annual basis, that is when comparing October 2005 to October 2006, the Urban (Georgetown) index rose by 3.6%.
The 0.7% decrease in prices in October was primarily influenced by an overall decrease in the food group of 1.1%. This decrease resulted from downward price movements in the sub-categories of pulses & pulse products by 2.4%; milk and milk products by 0.1%; condiments and spices by 7.8%, vegetable and vegetable products by 5.1%, fruits and fruit products by 7.8%, sugar, honey and related products by 1.7% and non-alcoholic and alcoholic beverages both by 0.6%.
There were increases in the sub-categories of cereals and cereal products of 0.2%, meat, fish and eggs by 0.8%, oils and fats by 0.8%, alcoholic beverages by 0.2% and tobacco products by 1%. These increases did not reverse the overall downward price trend in the food group.
Similarly, there were also decreases in the prices of some other categories of goods and services. The housing group decreased by 1.1% with a decrease of 2.6% recorded in the sub-category of fuel and power. In the sub-category of educational, recreational and cultural services there was a 0.2% decrease with education (textbooks) recording a 0.4% decline.
On the other hand, increases were recorded in the furniture group and miscellaneous goods and services of 0.3% and 0.9% respectively with the sub-category of cleaning materials recording a 0.7% increase. The Transport and Communication group increased overall by 0.2% with the sub-categories of personal transport equipment and purchased transport services (airfare) recording increases of 1.3% and 0.8% respectively. The sub-category of operations of personal transport (gasoline) however recorded a decline of 1.3%.