STATIN Releases Inflation Results for May
- The All Jamaica Consumer Price Index recorded an inflation rate of 0.8% for May 2019 according to the Consumer Price Index (CPI) Bulletin.
- This movement was mainly attributable to a 0.5% increase in the index for the ‘Food and Non-Alcoholic Beverages’ division. The increase in this division was chiefly as a result of the 1.1% increase in the index for the class ‘Vegetables and Starchy Foods’ due primarily to increases in the prices for some agricultural produce such as cabbage, lettuce, and yam.
- Additionally, the ‘Housing, Water, Electricity, Gas and Other Fuels’ and ‘Transport’ divisions also registered increases in their index of 3.7% and 0.5% respectively.
- For the period under review, the calendar-year-to-date inflation rate rose by 1.6%, the point-to-point by 4.8% and the fiscal year-to-date by 0.9%.