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Trinidad & Tobago inflation slightly up to 3.1%

Staff writer ▼ | May 23, 2016
Trinidad & Tobago's inflation rate increased slightly to 3.1 percent for January to April, up from three percent the previous period.
Trinidad & Tobago
Americas   Data from the Central Statistical Office:
Data from the Central Statistical Office (CSO) shows that the rate for the comparative period last year was 6.3 percent.

The Index of Retail Prices for April, based on data collected in the survey of retail prices during the month, was 104.2 compared to 103.3 in March.

The Index for food and non-alcoholic beverages increased from 108.6 in March to 109.2 in April 2016, reflecting an increase of 0.6 percent. Contributing significantly to this increase was the general upward movement in the prices of fresh whole chickens, garlic, grapes, celery, pumpkin, carbonated soft drinks, other edible oil, parboiled rice, macaroni and mixed fresh seasoning.

However, the full impact of these increases was offset by decreases in the prices of fresh carite, tomatoes, Irish potatoes, fresh, chilled, frozen or seasoned beef, bodi, fresh king fish, fresh crab, fresh shrimp, biscuits and oranges.