Food prices push inflation in August

‘Vegetables and Starchy Foods’ had the strongest impact on the division moving up by 8.5%

‘Vegetables and Starchy Foods’ had the strongest impact on the division moving up by 8.5%

Sharp price movement in the prices for Vegetables and Starchy Foods’ had a major impact on inflation in August with an increase of 0.8 percent resulting in Inflation climbing 3.5 percent since August last year to August this year and by 2.2 percent, for 2015 to August, the Statistical Institute of Jamaica (STATIN) reported.
‘Food and Non-Alcoholic Beverages’ recorded the highest movement for the month of 2.1 percent. ‘Vegetables and Starchy Foods’ had the strongest impact on the division moving up by 8.5 percent as drought conditions persisted in the growing areas. The upward overall movement was, however, tempered by declines of 2.3 percent and 0.5 percent in the divisions ‘Housing, Water, Electricity, Gas and Other Fuels’ and ‘Transport’ due to lower petrol prices and reduction in air fares.
Other divisions that recorded increases are: ‘Alcoholic Beverages and Tobacco’ 0.2 percent, ‘Clothing and Footwear’ 0.3 percent, ‘Furnishings, Household Equipment and Routine Household Maintenance’ 0.2 percent, ‘Health’ 0.1 percent, ‘Recreation and Culture’ 0.4 percent, ‘Miscellaneous Goods and Services’ 1.3 percent, while ‘Restaurants and Accommodation Services’ recorded a 0.2 percent increase. ‘Education’ and ‘Communication’ remained unchanged.

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  1. […] Prices in Jamaica rose 0.4 percent on average in September compared to August 2015, the Statistical Institute of Jamaica (STATIN), reported. Inflation in August recorded an increase of 0.8 percent. According to the Statin report. The All Jamaica ‘All Divisions’ Consumer Price Index increased, with the index moving from 229 to 230. The calendar year-to-date movement was 2.6 percent, while for the last 12 months, year over year inflation stood at 1.8 percent. Increases in cost in the Education category, amounted to 5.3 percent due to the increase in tuition fees, the second highest movement was for the division Food and Non-Alcoholic Beverages which moved up by 1.1 percent. Two divisions recorded declines which moderated the overall movement in inflation with Housing Water, Electricity, Gas and other fuels fell by 1.2 percent and the Transport division is down by 1 percent. The other divisions that recorded increases are: Alcoholic Beverages and Tobacco 0.1 percent, Clothing and Footwear 0.6 percent, ‘Furnishings, Household Equipment and Routine Household Maintenance 0.1 percent, Health 0.2 percent, Recreation and Culture 0.5 percent and Miscellaneous Goods and Services 0.2 percent while the divisions of Restaurants and Accommodation Services and Communication each recorded negligible movements. […]

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