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The Index of Retail Prices for April 2018 stood at 181.6 points, representing a decrease of 1.1 per cent when compared to the 183.6 points recorded the previous month.

According to data produced by the Barbados Statistical Service, increases were recorded in Clothing and Footwear by 1.0 per cent; Health by 0.05 per cent; Recreation and Culture by 1.6 per cent; and Miscellaneous Goods and Services by 0.8 per cent.

Declines were recorded for Food and Non-Alcoholic Beverages by 1.8 per cent; Alcoholic Beverages, Tobacco and Narcotics by 0.3 per cent; Housing, Water, Electricity, Gas and Other Fuels by 0.4 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 0.8 per cent; Transport by 2.8 per cent; and Restaurants and Hotels by 0.5 per cent.

Communication and Education remained constant during the period.

Between April 2017 and April 2018, the Index of Retail Prices increased by 5.6 per cent from 172.0 to 181.6 points. The average inflation rate for the 12-month period was 4.8 per cent.

Economic Affairs Division

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