Tokelau's CPI down a tad more

 
Information Release: Tokelau National Statistics Office, 31 January 2017

The Tokelau National Statistics Office (TNSO) collects quarterly prices from the co-op and bulk stores on the atolls Atafu, Nukunonu and Fakaofo; as well as prices from some local service providers. It then calculates the Consumer price index (CPI) to provide the rate of price change of goods and services purchased by Tokelau households - a measure of local inflation.  Internationally standardised groups of consumer items are used in the CPI to dampen the effect of major price fluctuations in individual items; these are weighted to reflect actual consumption patterns within Tokelau.

In the December 2016 quarter compared with the September 2016 quarter, the
  • CPI fell by 1.2 percent.
  • Main downward contribution (15 percent) came from the Furnishings, household equipment and routine household maintenance, due to the availability of a cheaper brand of washing powder and fabric softener.
  • Miscellaneous goods and services went down 5.1 percent, due to the price of nappies and soap.
  • Food and non-alcoholic beverages group fell by 2.4 percent, due to a large drop in the price of mayonnaise.
  • Main upward contribution (5.8 percent) came from the Transport group, due to a rise in the price of petrol.
  • Alcoholic beverages and cigarettes group rose by 1.4 percent.
  • Clothing and footwear group fell by 0.9 percent.
  • Housing, water, electricity, gas and other fuels group rose by 0.1 percent.
  • Communications group remained unchanged.
From the December 2015 quarter to the December 2016 quarter:
  • The CPI decreased 2.7 percent.
  • This compares with a 2.4 percent decrease in the year to the September 2016 quarter.
2016Q4CPI      2016Q4CPI-A
 
Tokelau is one of the world’s most geographically isolated countries, and home to about 1,500 people. Tokelau uses the New Zealand dollar as its currency; most of its goods are imported from Samoa.

The full information release on the Tokelau CPI, including graphs, tables and technical notes, is available from http://TokelauNSO.tk

For enquires please contact: Jaap (“iapi”) Jasperse, PhD
Statistics Adviser, Tokelau National Statistics Office, Apia, Samoa
Phone +685 729 4913, Email: iapi.jasperse@tokelau.org.nz

See also:
December 2016 quarter Previous releases