Inflation Down as Consumer Price Index Declines Again

The Statistical Institute of Jamaica, STATIN, says the All Jamaica Consumer Price Index declined for the second consecutive month as a negative 0.1-percent inflation rate was recorded for March 2018.

STATIN says the main contributor to this movement was the 1-percent fall in the index for the heaviest weighted division: ‘Food and Non-Alcoholic Beverages’.

It says the decline was due to lower prices for agricultural produce resulting in a 4.3-percent reduction in the index for the class ‘Vegetables and Starchy Foods’.

STATIN says the division ‘Transport’ also recorded a decline in its index of 0.4-percent for the period, due to lower fuel prices.

The Statistical Institute says these movements were offset by a 3.2 percent increase in the index for the division ‘Housing, Water, Electricity, Gas and Other Fuels’. This was primarily the result of higher electricity, water and sewage rates.

STATIN says as at March 2018, the calendar year-to-date inflation was negative 0.2 percent and the movement in the index for the fiscal year was 3-point-9 percent.


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