Thursday 19 September, 2019

Inflation lowest in decades – CPI data

"The movement in the All Jamaica ‘All Divisions’ CPI for December 2016 was 0.3 per cent, bringing the calendar year inflation rate for 2016 to 1.7 per cent," said STATIN in a document released yesterday.

This was 2.0 percentage points below the 3.7 per cent recorded for the calendar year 2015.

The division recording the highest movement for the month under review was ‘Housing, Water, Electricity, Gas and Other Fuels’ which increased by 0.8 per cent, due primarily to increased electricity, water and sewage rates for the month.

The highest weighted division ‘Food and Non-Alcoholic Beverages’ moved up by 0.4 per cent.

"This was mainly due to the class ‘Vegetables and Starchy Foods’ increasing by 0.8 per cent," said STATIN.

 

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