CSO REPORTS STABLE INFLATION RATE IN JULY
Inflation in Trinidad and Tobago remained stable in July, holding firm at 1.5 per cent. That’s the same as June, but a significant jump from the zero-point-three per cent rate recorded this time last year.
The latest figures from the Central Statistical Office show a mixed bag for shoppers at the grocery. While the prices for fresh chicken, carite, potatoes, and rice went down, that relief was offset by increases in the cost of tomatoes, pumpkin, melongene, and soft drinks. This resulted in a slight overall dip in the food and non-alcoholic beverages index.
Elsewhere, there were minor price drops for alcohol, tobacco, clothing, and footwear. However, consumers saw slight increases in the cost of housing, health, transport, and recreation.
Overall, the data points to very modest price movements across the economy, with the All Items Index inching up by just zero-point-one per cent for the month.
