Oct 2016 Financial News

Inflation drops to 3.1 per cent

Oct 20, 2016

The Index of Retail Prices for the month of September increased by 0.1 point or 0.1 per cent over the previous month, according to data just released by the Central Statistical Office.

The Index for food and non-alcoholic beverages moved from 111.2  to 111.4, an increase of 0.2 per cent. This was due to increases in the prices of channa, fresh whole chickens, tomatoes, fresh carite, Irish potatoes, sweet potatoes, canned sardines, celery, hot peppers and fresh shark.

However, the was a general decrease in the prices of melongene, cabbage, pumpkin, garlic, fresh steak (beef), cucumber, eddoes, grapes, fresh duck and lettuce. There were increases in the sub-indices for clothing and footwear of 0.3 per cent and health of 2 per cent. All other sections remained unchanged.

The Inflation rate for September—measured as the percentage change in the Index for January to September 2016/January to September 2015—was 3.1 per cent. This represents a decrease from 3.2 per cent which was recorded in the previous period. The inflation rate for the comparative period was 5.6 per cent.

Source:
Trinidad Guardian
Thursday October 20, 2016

http://www.guardian.co.tt/business/2016-10-20/inflation-drops-31-cent