(Stock Photo)

The Index of Retail Prices for September 2016 stood at 173.2 points, representing an increase of 0.3 per cent when compared to the 172.7 points recorded the previous month.

According to data produced by the Barbados Statistical Service, increases were recorded for Housing, Water, Electricity, Gas and Other Fuels by 1.2 per cent; Restaurants and Hotels by 0.8 per cent; Food and Non-Alcoholic Beverages, as well as Furnishings, Household Equipment and Routine Household Maintenance by 0.6 per cent; and Alcoholic Beverages, Tobacco and Narcotics by 0.3 per cent.

Declines were registered for Transport by 1.5 per cent; Recreation and Culture by 1.2 per cent; Clothing and Footwear by 0.9 per cent; and Miscellaneous Goods and Services by 0.1 per cent. Health, Communication and Education remained constant during the period.

Between September 2015 and September 2016, the Index of Retail Prices increased by 2.5 per cent, from 168.9 to 173.2 points. The average inflation rate for that period was 0.0 per cent.

Economic Affairs Division

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