Consumer Prices On Guam Up 4.1% in 4th Quarter of 2010

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Guam – Guam’s Bureau of Statistics reports that consumer prices on island rose 4.1%  in the 4th quarter of 2010 compared to the same period in 2009.

The increase was only 1.4% compared to Q3 of 2010.

The Consumer Price Index [CPI] is a measure, over time, of the average change in prices of goods and services purchased by households, both families and single persons.

The Guam 2008 CPI is based on the concept of a representative “market basket” sample of all goods and services that consumers purchase.

Read the 4th Quarter CPI report              

According to the report, the purchasing power of the U.S. dollar is now $0.61 cents when compared to the base year 1996.

Among the year-on-year changes by category:

* All Items Less Food: + 5.1%

*Food:  down – 1.2%

        Cereals: down – 15.3%

        Beef:  up + 17.8%

* Services: + 6.4%

* Energy: + 3.6%

* Housing: up + 0.7%