Producers in the Manufacturing industry faced an average three per cent rise in costs associated with delivering inputs on an annual basis as at May.
The Statistical Institute of Jamaica has attributed this to a 13 per cent increase in the average cost of Refined Petroleum Products and a 1.2% upward movement in costs associated with Food, Beverages & Tobacco.
For the month of May alone, STATIN reported a 0.8?cline in the cost of Refined Petroleum Products.
There was however a 0.1% increase in prices faced by producers in the heaviest weighted major group, Food, Beverages & Tobacco.
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