Antigua and Barbuda’s inflation fee rose by 4.0% over the 12-month interval ending February 2025, marking the slowest annual improve in shopper costs since December 2023, in keeping with the nation’s Nationwide Bureau of Statistics.
The Cupboard has welcomed the event, describing it as a constructive signal of financial stabilization amid ongoing world uncertainty. Officers credited the Gaston Browne Administration’s management and financial technique for serving to protect the nation from main exterior shocks, together with conflicts in Gaza and Ukraine, and world commerce tensions involving the USA.
Regardless of the tempered inflation fee, many important meals objects stay steeply priced. The price of rice jumped by 14.1%, bread rose 12.9%, and eggs and associated merchandise surged by 18.3% in comparison with the identical time final 12 months.
Core inflation, which excludes meals and power prices, registered a barely increased improve of 4.3%, underscoring persistent pressures in different sectors of the economic system.
Authorities officers acknowledged that Antigua and Barbuda’s heavy dependence on imported items continues to make the nation weak to worldwide value swings, particularly in important areas like meals and power. Nonetheless, they emphasised that the comparatively average inflation fee displays the nation’s resilience and prudent fiscal administration throughout turbulent world occasions.
