Tue, May 06, 2003 - Page 10 News List

Consumer prices steady, may decline on SARS


Consumer prices were little changed last month as fuel became cheaper, countering gains in food and clothing costs. The consumer price index (CPI) in April fell 0.14 percent from a year earlier mainly because of declines in food and housing costs, the Directorate General of Budget, Accounting and Statistics (DGBAS) said yesterday.

However, the CPI in April rose a seasonally adjusted 0.12 percent from March, the DGBAS said. Prices may fall in coming months as a deadly virus keeps shoppers at home, forcing stores, restaurants and airlines to offer discounts to win business, a DGBAS official said yesterday.

In the first four months of the year, CPI was down 0.19 percent from a year earlier, according to the DGBAS.

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