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The Index of Retail Prices for June 2018 stood at 183.8 points, representing an increase of 0.8 per cent, when compared to the 182.3 points recorded the previous month.

According to the Barbados Statistical Service, increases were recorded in Alcoholic Beverages, Tobacco and Narcotics by 0.3 per cent; Clothing and Footwear by 0.1 per cent; Housing, Water, Electricity, Gas and Other Fuels by 3.6 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 1.5 per cent; Transport by 3.1 per cent; Education by 0.02 per cent; Restaurants and Hotels by 0.6 per cent and Miscellaneous Goods and Services by 2.6 per cent.

Declines were recorded for Food and Non-Alcoholic Beverages by 1.1 per cent and Recreation and Culture by 0.2 per cent. Communication and Health remained constant during the period.

Between June 2017 and June 2018, the Index of Retail Prices increased by 5.5 per cent from 174.3 to 183.8 points. The average inflation rate for the 12-month period was 5.3 per cent.

Economic Affairs Division

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