The Statistical Institute of Jamaica (STATIN) is reporting that the rate of inflation or change in consumer prices dipped by 0.3 percentage points in January, compared with an increase of 1.2% in December.
STATIN adds that this was due to a 1.3?ll in the index, which measures changes in the prices of food and non-alcoholic beverages.
Additionally, there was a 0.3 percentage point dip in the index that measures the changes in the prices of housing, water, electricity, gas and other fuels.
The rate of increase in consumer prices slowed to 4.7?tween January 2024 and January this year, compared with the 5.2% recorded for the period December 2023 to December 2024.
This was influenced by the point-to-point inflation rates of 7.4% recorded
for food and non- alcoholic beverages; 2% for housing, food water and electricity; and 6.2% for accommodation services.
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