Inflation Edges Marginally Higher

The inflation rate for November was 0.6 percent.

This represents an increase over the month of October.

The Statistical Institute of Jamaica, STATIN, says the upward movement was mainly the result of a 1.2-percent rise in the index for the division ‘Food & Non-Alcoholic Beverages’.

STATIN says the movement was also due to increases in ‘Transport’ and ‘Education’.

Transport moved up by one per cent due to higher petrol prices and airfares.

Prices for ‘Education’ increased by 0.2-percent, due to an increase in the cost of CSEC examination fees.

STATIN says the impact of the month’s inflation was however tempered by the 0.9-percent drop in the ‘Housing, Water, Electricity, Gas and Other Fuels’ categories.

STATIN says the only division to record a decline for the month with the lower cost for electricity being the main contributing factor.

Calendar year-to-date inflation was recorded at 4.6-percent and 3.6-percent for the fiscal year to date.

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