May 2016 Financial News

Inflation increases to 3.1 per cent

May 23, 2016

T&T’s inflation rate increased slightly to 3.1 per cent for January to April, up from three per cent the previous period.

Data from the Central Statistical Office (CSO) shows that the rate for the comparative period last year was 6.3 per cent.

The Index of Retail Prices for April, based on data collected in the survey of retail prices during the month, was 104.2 compared to 103.3 in March

The Index for food and non-alcoholic beverages increased from 108.6 in March to 109.2 in April 2016, reflecting an increase of 0.6 per cent. Contributing significantly to this increase was the general upward movement in the prices of fresh whole chickens, garlic, grapes, celery, pumpkin, carbonated soft drinks, other edible oil, parboiled rice, macaroni and mixed fresh seasoning. However, the full impact of these increases was offset by decreases in the prices of fresh carite, tomatoes, Irish potatoes, fresh, chilled, frozen or seasoned beef, bodi, fresh king fish, fresh crab, fresh shrimp, biscuits and oranges.

Source:|
Trinidad Guardian
Saturday May 21, 2016

http://www.guardian.co.tt/business/2016-05-20/inflation-increases-31-cent