Sun | Dec 4, 2016

Inflation down in January

Published:Tuesday | February 17, 2015 | 9:39 AM

The Statistical Institute of Jamaica (STATIN) is reporting a 0.5 per cent decline in inflation for the month of January 2015.

This is the third consecutive monthly decline for the country.

STATIN says the fall in inflation in January was due mainly to lower food, electricity and transportation prices.

Food and Non-Alcoholic Beverages fell by 0.2 per cent; Housing, Water, Electricity, Gas and Other Fuels fell by 3.4 per cent; while Transport went down by 1.6 per cent.

The fiscal year-to-date inflation rate as at January 2015 was 4.1 per cent and the January 2015 to January 2014 was 5.3 per cent.

Meanwhile, STATIN says in January, Alcoholic Beverages and Tobacco; Clothing and Footwear; Furnishings, Household Equipment and Routine Household Maintenance; and health all recorded increases in January.

And STATIN says prices declined across all three regions for January with Greater Kingston Metropolitan Area recording 0.4 per cent decline; Other Urban Centres, 0.5 per cent and Rural Areas declining by 0.6 per cent.