Economy Update: Inflation August 2014

Jamaica’s Monthly Inflation Rate

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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.

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