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The Index of Retail Prices for September 2017 stood at 181.3 points, representing an increase of 1.0 per cent when compared to the 179.5 points recorded the previous month.

According to data produced by the Barbados Statistical Service, increases were recorded for Food and Non-Alcoholic Beverages by 1.3 per cent; Housing, Water, Electricity, Gas and Other Fuels by 1.1 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 2.4 per cent; and Health by 0.1 per cent.

In addition, increases were logged in Transport by 0.7 per cent; Recreation and Culture by 1.3 per cent; Restaurants and Hotels by 0.4 per cent and Miscellaneous Goods and Services by 0.8 per cent.

Declines were registered for Alcoholic Beverages, Tobacco and Narcotics by 0.1 per cent as well as Clothing and Footwear by 2.1 per cent. Communication and Education remained constant during the period.

Between September 2016 and September 2017, the Index of Retail Prices increased by 4.5 per cent, from 173.5 to 181.3 points. The average inflation rate for that period was 3.7 per cent.

Economic Affairs Division

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