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The Index of Retail Prices for October 2018 stood at 184.3 points, an overall increase of 0.2 per cent from the 184.0 points recorded in the previous month.

According to data produced by the Barbados Statistical Service, several indices increased throughout the month, in comparison to the reported figures for September 2018.

These include: Food and Non-Alcoholic Beverages by 1.4 per cent; Transport by 0.2 per cent; Restaurants and Hotels by 0.8 per cent and Recreation and Culture by 0.4 per cent.

On the other hand, decreases were reported within the indices for: Alcoholic Beverages, Tobacco and Narcotics by 1.1 per cent; Clothing and Footwear by 1.1 per cent; Housing, Water, Electricity, Gas and Other Fuels of 2.1 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 0.4 per cent; Miscellaneous Goods and Services by 0.6 per cent and Health by 0.05 per cent. However, Indices for Communication and, Education recorded no change.

Between October 2017 and October 2018, the Index of Retail Prices increased by 0.2 per cent from 183.9 to 184.3 points. The average inflation rate for the 12-month period stood at 4.7 per cent.

Economic Affairs Division 

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