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Financial News

Jul 2014 Financial News

Cost of living in Barbados up

Jul 15, 2014

THERE was a slight increase in the cost of living in Barbados last April with Transportation among the categories in the basket of goods and services accounting for the increase.

This is according to the Barbados Statistical Service.

The BSS said that the Index of Retail Prices for April 2014 stood at 168.0 points which represent an increase of 0.7 per cent when compared with March (2014) index of 166.9 points.

The index covers nine categories of goods and services.

Transportation which is one of them, recorded the highest increase according to the BSS. It increased 4.4 per cent followed by Household Operations and Supplies (1.1 per cent); Medical and Personal Care (0.6 per cent); Alcoholic Beverages and Tobacco (0.3 per cent); and Education, Recreation and Miscellaneous (0.1 per cent).

On the other hand Food prices declined 0.2 per cent; Housing 0.3 per cent; Fuel and Light 0.2 per cent; and Clothing and Footwear 1.8 per cent.

 

Source:
Barbados Advocate
Tuesday July 15, 2014

http://www.barbadosadvocate.com/newsitem.asp?more=business&NewsID=37560