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CPI inches up

Consumer prices rose by 0.2 percent during the month of March, 2003, with the all-items index rising from 121.6 percentage points in February to 121.8 points in March.

The rate of inflation dropped however, from 2.9 percent in February to 2.8 percent in March.

Clothing and footwear posted the strongest monthly gains, at 1.2 percent, reflecting the seasonal arrival of spring and summer apparel. Average prices were higher across all sub-components of the sector, with the greatest rise in children's clothing at 4.5 percent. Men's clothing increased slightly, at 0.8 percent.

Rent advanced 0.2 percent for the month. Average rents for controlled properties increased 0.3 percent as non-controlled properties increased by 0.1 percent.

Tobacco and liquor prices increased by 0.5 percent during the month, while the fuel and power sector posted a 0.6 percent increase. This was due primarily to a strong rise in the fuel adjustment clause of 6.7 percent, which increased the cost of electricity.

Household goods, services and supplies increased by 0.1 percent, as did education, recreation and reading. The transport and vehicles sector advanced 0.2 percent.

Food prices remained relatively stagnant throughout March 2003. The most notable price changes within the food sector were white flour (which increased by 6.2 percent) and grapes (decreasing by 2.5 percent).

There was no price movement in the health and personal care sector in March 2003.