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Consumer prices in Jamaica up by 1.3 per cent last month

vegetable basket close up

The cost of consumer goods and services in Jamaica increased by 1.3 per cent in November, according to the Statistical Institute of Jamaica (STATIN).

The cost of consumer goods increased 1.3 per cent last month.

The figures where shared in the STATIN’s Consumer Price Index (CPI) which measures changes in the general level of prices of consumer goods bought by private households.

According to STATIN, the inflation rate of the CPI increased by 1.3 per cent last month, primarily due to a 2.8 per cent increase in the measured ‘Food and Non-Alcoholic Beverages’ division, the agency said in a statement yesterday.

Higher petrol prices saw an increase in the Transport division.

The ‘Vegetables and Starchy Foods’ division increased by 9.1 per cent as the price of produce continued its upward trend. Among the produce which saw an increase in prices were cabbage, carrot and potato.

Additionally, Transport saw a 0.5 per cent increase due to higher petrol prices. The overall increase in the rate of inflation was moderated by the ‘Housing, Water, Electricity, Gas and Other Fuels’ which decreased by 1.2 per cent. “This was due mainly to lower rates for electricity which resulted in a 2.5 per cent decline in the index for the group ‘Electricity, Gas and Other Fuels’.”

The Greater Kingston Metropolitan Area saw prices increase 2 per cent.

All three regions saw price increases over the month as the Greater Kingston Metropolitan Area went up 2.0 per cent; the Other Urban Centres increased 1.2 per cent and Rural Areas went up by 0.8 per cent.