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Wednesday, April 16, 2025

CSO: Inflation steady at 0.4%

by

Geisha Kowlessar-Alonzo
181 days ago
20241017
A customer  at a Supermarket.

A customer at a Supermarket.

Roberto Codallo

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.


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