1 USVI BUREAU OF ECONOMIC RESEARCH 2022 CONSUMER PRICE INDEX

Collection: Government Financials
Date: 2022
Type: Financial Report

1 USVI BUREAU OF ECONOMIC RESEARCH 2022 CONSUMER PRICE INDEX Highlights  The Consumer Price Index rose 9.8% on an annual average in 2022, following an increase of 8.6% in 2021. Major Contributors to Inflation in 2022  Among the nine major components, food inflation was 15.2% from 10.6% in 2021.  Housing increased 10.1% in 2022 from 8.1% in 2021.  Prices for recreation increased 12.0% in 2022 from 5.6% in 2021.  Transportation increased 18.5% from the 7.1% in 2021.  Apparel decreased by 12.7% from 16.4% in 2021. Higher prices in all islands  2022 Inflation rates rose fastest in St. Thomas (14.5%), followed by St. Croix (9.5%). Price growth among the islands was the slowest in St. John (5.0%). 2022 ALL-ITEMS INFLATION Comparison is based on the 12-month average of the Consumer Price Index (CPI) Figure 2. USVI CPI and Over-the-Year Change (%) from December 2020 - December 2022 Source: U.S. …

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