No inflation

Fall in the price of fuel and appreciation of the Jamaica dollar helped in pushing inflation down in November with data out of Statistical Institute of Jamaica (STATIN) showing zero inflation.
According to Statin, the result was influenced by a 0.3 percent increase in the index for the division Food and Non-Alcoholic Beverages. This was as a result of higher prices for vegetables, starchy foods and fruits but was tempered by a 0.8 percent decline in the division Housing, Water, Electricity, Gas and Other Fuels due mainly to reduced rates for electricity despite the increased rates for water and sewage. The Transport division declined by 0.7 percent as a result of a decrease in the price for petrol. The calendar year-to-date inflation was 3.5 percent while the movement in the index for the fiscal year-to-date was 3.8 percent and the movement for the past 12 months comes out at 4.1 percent.

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