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.
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%