Jamaica is currently passing through a period of deflation according to data released by the Statistical Institute of Jamaica. According to the state entity responsible for gathering economic data, the consumer price index declined for the 4th consecutive month to April compared with the prior months, with the rare falling 0.40 percent in April compared to March 2016.
For the year to date there has been negative inflation of 1.7 percent.
The data was released today by the Statistical Institute of Jamaica (STATIN). According to STATIN “impacting the movement were the divisions Food and Non-Alcoholic Beverages recording a negative 0.5 percent and Housing, Water, Electricity, Gas and Other Fuels declining by 2.2 percent”. The fall recorded for the division Food and Non-Alcoholic Beverages was due primarily fall in the prices of the group of Vegetables and Starchy Foods, falling by 2.6 percent. Housing, Water, Electricity, Gas and Other Fuels decrease, was due to lower electricity and water rates. Increased prices were seen Transport, due mainly to higher prices for petrol, Clothing and Footwear, Furnishings, Household Equipment and Routine Household Maintenance, Health, Recreation and Culture, Restaurants and Accommodation Services and Miscellaneous Goods and Services.
Deflation continues to April
May 16, 2016 by IC Insider.com
Filed Under: Feature Stories Tagged With: Inflation in Jamaica, Statin, Statistical Institute of Jamaica
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