Published: Friday August 29, 2008
Inflation in T&T continues to increase, jumping to 11.9 per cent at the end of July, according to the Central Bank.
In its latest repo rate announcement yesterday, the bank said the rate of inflation had increased to 11.9 per cent from 11.3 per cent at the end of June.
The bank said that on a monthly basis the increase in July was the highest monthly increase for the year so far.
Food inflation continued to rise, going up by 25.3 per cent in July from 23.1 per cent at the end of June. Rising prices of bread and cereals, meat, oils and fats, fruit and vegetables were mainly to blame.
Meanwhile, core inflation, which filters out the impact of food prices, went down slightly to 6.2 at the end of July from 6.4 per cent in June.
Source: Trinidad Guardian Newspapers