The Index of Retail Prices for March 2014 stood at 166.9 points, representing a decrease of 0.2 per cent when compared with the 167.3 points recorded the previous month.

Increases of 1.7 per cent were recorded for Clothing and Footwear; 0.8 per cent for Transportation; 0.5 per cent for Alcoholic Beverages and Tobacco; and 0.3 per cent for Fuel and Light.

Decreases of 1.6 per cent were recorded for Education, Recreation and Miscellaneous; 1.5 per cent for Medical and Personal Care; 0.7 per cent for Household Operations and Supplies; and 0.4 per cent for Food. The Housing index remained constant over the period.

Between March 2013 and March 2014, the Index of Retail Prices increased by 1.2 per cent, from 165.0 points to 166.9 points, while the average inflation rate for that period was 1.7 per cent.

Author: Ministry of Finance/Sharon Austin

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