Jamaica for the second month for this year has shown moderation with Consumer Price Index for February 2018 decreasing by 0.1 per cent on top of a decline of a similar amount in January.
According to the Statistical Institute of Jamaica (STATIN) the February 2018 Consumer Price Index declined and resulted in the calendar year-to-date inflation rate declining by 0.2 per cent.
The decline for the month was attributed largely to two divisions, Food and Non-Alcoholic Beverages down by 0.5 percent and Housing Water, Electricity, Gas and Other Fuels down by 0.2 percent. Specifically, the movement for the division Food and Non-Alcoholic Beverages was primarily influenced by the 3 percent fall in the index for the group Vegetables and Starchy Foods. The decline in the index for the division Housing Water, Electricity, Gas and Other Fuels was as a result of the group Electricity, Gas and Other Fuels decreasing by 0.8 per cent due to lower rates for electricity. At the end of February 2018, the 12 months movement was 4.4 per cent and the fiscal year-to–date movement was 4 percent.
Deflation not inflation for 2018 so far
March 15, 2018 by
