(Stock Photo)

The Index of Retail Prices for November 2018 stood at 186.4 points, an overall increase of 1.1 per cent from the 184.3 points recorded in the previous month.

According to data produced by the Barbados Statistical Service, increases were recorded in Restaurants and Hotels by 1.1 per cent, Food and Non-Alcoholic Beverages by 0.2 per cent and Transport by 0.2 per cent.

Declines of 1.4 per cent were recorded for Housing, Water, Electricity, Gas and Other Fuels. Declines were also recorded in Furnishings, Household Equipment and Routine Household Maintenance by 0.9 per cent; in Alcoholic Beverages, Tobacco and Narcotics by 0.6 per cent; in Clothing and Footwear by 0.4 per cent, and in Recreation and Culture by 0.3 per cent, Health, Communication and Education remained constant during the month.

Between November 2017 and November 2018, the Index of Retail Prices increased by 0.8 per cent from 184.9 points to 186.4 points.  The average inflation rate for the 12-month period was 4.2 per cent.

Economic Affairs Division

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