T&T's inflation rate for September has remained the same, food inflation however, has increased.
This is according to the Consumer Price Index for the month of September 2024 which was released yesterday by the Central Statistical Office (CSO).
In a news release, the CSO stated the inflation rate for September 2024, which measures the percentage change in the all-items index for the month of September 2024 over September 2023, was 0.4 per cent.
This represented no change from the previous period (August 2024/August 2023).
The inflation rate for the comparative period (September 2023/September 2022) was 3.9 per cent.
The CSO also noted that the all-items index calculated from the prices collected for the month of September 2024 was 124.1, representing an increase of 0.2 points of 0.2 per cent above the all-items index for August 2024.
It also noted that the index for food and non-alcoholic beverages increased from 149.2 in August 2024 to 150.2 in September 2024, reflecting an increase of 0.7 per cent.
Contributing significantly to this increase was the general upward movement in the prices of fresh whole chicken, cucumbers, carrots, parboiled rice, oranges, irish potatoes, bodi, cabbage, ripe bananas and cheddar cheese.
However, the full impact of these price increases were offset by the general decreases in the prices of ochroes, onions, white flour, hot peppers, pumpkin, garlic, green sweet peppers, chocolate malt beverages eggs and eddoes.
The CSO added that a further review of the data for September 2024 compared with August 2024 reflected increases in the sub-indices for alcoholic beverages and tobacco of 0.3 per cent and health of 0.2 per cent.
This period also showed a decrease in the sub-index for clothing and footwear of 0.2 per cent.
All other sections remained unchanged.
