Economy Update: Inflation August 2014

monthly_inflation
Jamaica’s Monthly Inflation Rate

Click Image

According to the Statistical Institute of Jamaica’s (STATIN) ‘Consumer Price Index’ report released yesterday the inflation rate for August was 1.1 per cent, which represents 0.3 % decline when compared with July’s 1.4% .

The Statistical Institute cited a 2.7 per cent increase in prices for food and non-alcoholic beverages as the main driving force behind August’s inflation rate.

As at August 2014, the inflation rate for the calendar year-to-date was 5.0 per cent.

diG Deeper

For more information check STATIN’s Consumer Price Index Report August 2014.