18 Jan 2008

Prices of goods and services rise in American Samoa

10:25 am on 18 January 2008

The latest Consumer Price Index released in American Samoa shows that the rate of inflation increased to almost 7-percent at the end of 2007.

For the fourth quarter of 2007, all groups except for clothing registered increases.

Transportation had the highest increase, 2-point-3 percent attributed to higher petrol costs and vehicle parts.

The food group increased 1-point-8 percent, housing jumped 1-point-7 percent and a slight 0-point-3 percent jump in the alcohol and tobacco group.

When measured for the whole year the transportation group jumped 15-percent, food prices went up by almost 10-percent and housing costs increased by 6-percent.