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Trinidad Central Bank Keeps ‘Repo’ Rate at 8.0% While Intensifying Liquidity Absorption Measures
- By S Coward
- Published 30-Jan-07
- Economy, Trade & Investment
- Unrated
Food prices up 22%
Port-of-Spain, Trinidad --- 30 Jan., 2007 -- According to the latest data released by the Central Statistical Office, headline inflation measured 9.1 per cent on a year-on-year basis to December 2006 compared with 9.6 per cent in November and a high of 10 per cent in October.
Food prices, which have been the main driver of headline inflation increased year-on-year by 22 per cent, slightly below the increases of 26.5 per
cent
and 24.3 per cent recorded in October and November, respectively.
The main increases in the food sub-index on a year-on-year basis came from vegetables, 39.2 per cent (51.6 per cent in November), meat, 15.4 per cent (15.8 per cent in November), fish, 32.6 per cent (31.6 per cent in November) and fruits, 19.9 per cent (15.4 per cent in November).
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Source:central-bank.org.tt
Food prices, which have been the main driver of headline inflation increased year-on-year by 22 per cent, slightly below the increases of 26.5 per
cent
The main increases in the food sub-index on a year-on-year basis came from vegetables, 39.2 per cent (51.6 per cent in November), meat, 15.4 per cent (15.8 per cent in November), fish, 32.6 per cent (31.6 per cent in November) and fruits, 19.9 per cent (15.4 per cent in November).
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Source:central-bank.org.tt
