Index Of Retail Prices – January 2017

bgis Ministry News

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The Index of Retail Prices for January stood at 172.5 points, representing a decline of 0.1 per cent when compared to the 172.6 points recorded in December 2016.

According to data produced by the Barbados Statistical Service, increases were recorded for Food and Non-Alcoholic Beverages by 0.3 per cent; Alcoholic Beverages, Tobacco and Narcotics by 2.0 per cent; Housing, Water, Electricity, Gas and Other Fuels by 0.3 per cent; Restaurants and Hotels by 1.4 per cent; and Miscellaneous Goods and Services by 0.4 per cent.

Declines were registered for Clothing and Footwear by 2.0 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 1.2 per cent; Health by   0.1 per cent; Transport by 2.2 per cent; and Recreation and Culture by 0.9 per cent. Communication and Education remained constant during the period.

Between January 2016 and January 2017, the Index of Retail Prices increased by 3.9 per cent from 166.1 to 172.5 points. The average inflation rate for that period was 1.7 per cent.

Economic Affairs Division

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