Prices jump in July in Jamaica

Inflation rose 1 percent in July, exceeding the 0.4 percent rise in June bring inflation for the year to July to 0.7 percent after the All Jamaica Consumer Price Index recorded negative inflation to June of 0.3 percent.
Inflation for the past twelve months to July rose 3.2 percent.
The upward movement in the July 2018 CPI was influenced mainly by a 3.4 percent rise in “Housing, Water, Electricity, Gas and Other Fuels,” the Statistical Institute of Jamaica (STATIN) stated. This resulted Statin said from increased electricity, water and sewage rates. Electricity, Gas and other Fuels and Water Supply and Miscellaneous Services Related to the Dwelling, registering increases of 5.8 percent and 1.6 percent respectively.
Food and Non-Alcoholic Beverages recorded an increase of 0.9 percent, influenced by a 2.9 percent upward movement in the prices of Vegetables and Starchy Foods. A 0.8 percent increase in the index for the Transport division due primarily to higher petrol costs also contributed to the movement in the inflation rate.

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