PORT OF SPAIN, Trinidad, CMC – Trinidad and Tobago recorded a rise within the inflation price for Might, the Central Statistical Workplace (CSO) introduced on Monday.
It stated that the inflation price, which measures the proportion change within the All Objects Index for the month of Might 2024 over Might 2023, was 0.9 %, representing a rise from 0.5 % recorded within the earlier interval, April 2024/April 2023. The CSO stated that the inflation price for the comparative interval – Might 2023/Might 2022—was 5.7 %.
The All Objects Index, a key indicator of the general worth stage, calculated from the costs collected for the month of Might 2024 was 123.6, representing a rise of 0.2 factors or 0.2 % above the All Objects Index for April 2024.
The CSO stated the index for meals and non-alcoholic drinks elevated from 146.1 in April 2024 to 147.4 in Might 2024, reflecting a 0.9 % improve.
“Contributing considerably to this improve was the overall upward motion within the costs of white flour, tomatoes, celery, cucumber, pumpkin, parboiled rice, carrots, oranges, melongene, and cabbage.
“Nevertheless, the complete affect of those worth will increase was offset by the overall lower within the costs of contemporary entire rooster, soya bean oil, contemporary carte, desk margarine, ochroes, contemporary king fish, onions, plantains, cornflakes and tea in baggage,” the CSO famous.
It stated an additional evaluation of the info for Might 2024 in contrast with April 2024 mirrored decreases within the sub-indices for alcoholic drinks and tobacco of 0.1 per cent, and clothes and footwear of 0.3 per cent, indicating a possible shift in client spending patterns.
The CSO famous that the sub-index for Well being elevated by 0.1 % throughout this era. All different sections remained unchanged.
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