The Index of Retail Prices for September 2014 stood at 171.1 points, representing a decrease of 0.7 per cent when compared with the 172.3 points recorded the previous month.

Increases were recorded for Education, Recreation and Miscellaneous by 0.2 percent; and Fuel and Light and Medical and Personal Care by 0.1 per cent each.

Decreases of 2.2 per cent were registered for Transportation; 0.8 percent for Food; 0.6 per cent for Clothing and Footwear; 0.5 per cent for Household Operations and Supplies and 0.1 per cent for Alcoholic Beverages and Tobacco. Housing remained constant over the period.

Between September 2013 and September 2014, the Index of Retail Prices increased by 1.9 per cent, from 167.8 points to 171.1 points. The average inflation rate for that period was 1.7 per cent.

Author: Economic Affairs/Sharon Austin

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