Latest available data from the T&T Central Statistical Office showed that, on a year-on-year basis, inflation rose to 5.1 per cent in August 2013 from 3.8 per cent in July 2013, and 7.9 per cent one year earlier.
This was mainly due to a rise in food inflation, which increased to 7.7 per cent in August 2013 from a low of 4.8 per cent in the previous month. Core inflation inched slightly upwards but remains stable at a little over 3.0 per cent in August 2013. While core inflation demonstrated a slight uptick in August 2013, underlying inflationary pressures still remain well contained.
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