Average prices

Average prices declined again in August, taking the index to 97,65, down from 97,95 in July this year, a month-on-month fall of –0,305%. In August last year, the index number was 100,43, so the average price decrease was –2,768%. Last month, the year-on-year decrease was –2,771%. The slight change is accounted for by the extent of the fall in prices between July and August last year being marginally larger at –0,309%. Average prices are now at their lowest level since January 2012. December 2012 = 100 was chosen as the base for this All Items Index.

Only one of the twelve groups showed a slight increase in average prices during August, but three of the twelve showed increases if the year-on-year figures are compared. These figures are shown in the attached basic table. The more detailed table will be sent soon.

Kindest regards,

John