The Index of Retail Prices for October 2015 stood at 168.0 points, representing a decline of 0.7 per cent when compared with the 169.2 points recorded the previous month.

According to data produced by the Barbados Statistical Service, increases were recorded for Fuel and Light by 3.6 per cent; Food by 0.7 per cent; Clothing and Footwear by 0.4 per cent; and Household Operations and Supplies by 0.2 per cent.

Decreases were registered for Transportation by 7.0 per cent; Education, Recreation and Miscellaneous by 1.5 per cent; Alcoholic Beverages and Tobacco, as well as Medical and Personal Care, by 0.5 per cent each; and Housing by 0.2 per cent.

Between October 2014 and October 2015, the Index of Retail Prices decreased by 2.4 per cent, from 172.1 to 168.0 points. The average inflation rate for that period was 0.2 per cent.

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