1. The Consumer Price Index, which stood at 112.5 in March 2017, registered a net increase of 2.8 points (or 2.5%) to reach 115.3 in June 2017.
2. The main reasons for the increase from March to June 2017 were:
- price increases of cigarettes, rum and other cane spirits, and beer and stout following 2017/18 budget;
- higher prices of vegetables, fruits and some other food products;
- higher interest rates on housing loan;
- higher prices of air tickets and some other goods and services.
2. The headline inflation rate for the twelve months ending June 2017 works out to 2.4%, compared to 0.9% for the twelve months ending June 2016.
3. The headline inflation rate excluding “Alcoholic beverages and tobacco” for the twelve months ending June 2017 works out to 1.2% compared to 0.7% for the twelve months ending June 2016
Ministry of Finance and Economic Development
14 July 2017