Jamaica’s April inflation tame

Monthly inflation figures returns well below the 2 percent per annum level in April according to data put out by the Statistical Institute of Jamaica (STATIN) today.
According to Statin, the All Jamaica Consumer Price Index recorded an inflation rate of 0.1 percent in April 2019. the inflation for April comes against a rise of inflation in march to 0.8 percent.
This movement in April was mainly attributable to a 0.5 percent increase in the index for Food and Non-Alcoholic Beverages. The two groups within this division Food and Non-Alcoholic Beverages recorded increases of 0.5 percent and 0.3 percent respectively. Transport division, rose by 0.4 percent due to the rise in petrol prices and its related products. The overall movement was tempered by a 1.5 percent decline in the index for the Housing, Water, Electricity, Gas, and Other Fuels division resulting from lower rates for electricity, water and sewage. The calendar year-to-date inflation movement is 0.8 percent, while inflation over the past twelve months comes out at 3.9 percent and the fiscal year-to-date is a low 0.1 percent with just one month having elapsed.