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Manufacturing input costs up by 2.1% on annual basis up to February

The cost of inputs for production in the Manufacturing industry increased by an average 2.1 per cent on an annual basis up to February. 
 
The Statistical Institute of Jamaica [STATIN] says the inflation faced by manufacturers was influenced by a 5.3 per cent increase in 'Refined Petroleum Products'.
 
'Food, Beverages & Tobacco' inputs rose by 1.5 per cent for the period February 2023 to February 2024.
 
For the month of February alone, STATIN says the Producer Price Index for the Manufacturing industry increased by 0.3 per cent.
 
The index for the month was influenced by a 0.2 per cent increase in 'Food, Beverages & Tobacco' inputs, and a 1.3 per cent upward movement in the cost of 'Refined Petroleum Products'.


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