Inflation dipped to a negative 0.1% percent last month.
That’s according to the Consumer Price Index CPI for June, released yesterday by the Statistical Institute of Jamaica, STATIN.
The CPI measures changes in the prices of consumer goods and services.
STATIN says lower electricity rates were the main cause of the drop in inflation, which resulted in the category ‘Housing, Water, Electricity, Gas, and Other Fuels’ falling 1.2%.
Transport prices also fell 1%, attributed to lower petrol prices and airfares.
However, food prices went up by 0.2%.
For the year to date, inflation is now at 1.4%.
While inflation for the past twelve months is at 4.2%.