Laura Franks reported that most Bexley retail prices in her standard market basket are unchanged for the second quarter, 2009. Nonetheless, because of the recorded prices of two items, her consumer price index showed an overall price decline for the quarter.
The Bexley CPI reports on the aggregate prices paid for a uniform basket of merchandise purchased at retail in Bexley and nearby retail stores.
The Bexley CPI measures the change of prices for typical retail purchases made by Bexley residents.
The Bexley CPI can be compared to the price changes reported by the Bureau of Statistics, U.S. Department of Labor. The comparison can provide useful information for Bexley consumers about local price changes compared to price changes in other parts of the United States.
As of the second quarter, 2009 compared to the first quarter, 2009, Bexley prices showed a marked decrease of 10.70%. This decline is attributable to two factors. One is a significant 29% markdown on one(1) personal hygiene item. The second factor is the result of a stationery item being out of stock and having to replace it with the same product, but in a smaller size, and therefore priced at $1.00 less than the regular market basket item.
Even if the regular stationery item had been available at its first quarter price, we still would have had a little over 5% decrease in Bexley retail prices.
Except for these two(2) items, the prices on the remainder of the market basket purchases stayed the same as the first quarter 2009.
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Design is copyright 2009. All rights reserved. Bexley Public Radio Foundation. Text is copyright 2009. All rights reserved. Laura Franks. Photo is copyright 2009. All rights reserved. Bexley Public Radio Editorial Collective.
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