Apr 2016 Financial News

T&T Inflation rate increases to 3 per cent

Apr 22, 2016

T&T’s inflation rate increased by three per cent last month, an increase from 2.9 per cent in February.

The Index of Retail Prices for March, which was released yesterday by the Central Statistical Office (CSO), decreased by 0.9 per cent from decreased from 109.6 in February to 108.6.

Data collected in the survey showed decreases in the prices of pumpkin, bodi, apple, spinach, tomatoes, callalloo bush, canned sardines, cucumber, onions and garlic.

However, the full impact of these decreases was offset by the general increase in the prices of fresh sea food, eddoes, pork ham, fresh duck, edible oils, melongene, dried, salted or smoked pork, biscuits, dried pigeon peas and fresh pork.

There was an increase in the sub-indices for clothing and footwear of 0.4 per cent and health of 0.8 per cent. Decreases were noted in the sub-indices for alcoholic beverages and tobacco of 0.4 per cent.

Source:
Trinidad Guardian
Friday April 22, 2016

http://www.guardian.co.tt/business/2016-04-22/tt%E2%80%88inflation-rate-increases-3-cent