The Statistical Institute of Jamaica (Statin) reports that January 2015 the All Jamaica ‘All Divisions’ Consumer Price Index was 223.0 indicating a fall of 0.5 per cent. This is the third consecutive monthly decline in the inflation rate for Jamaica. This downward movement in inflation was mainly attributable to a fall in the index for the three highest weighted divisions. The index ‘Food and NonAlcoholic Beverages’ fell by 0.2 per cent, followed by the division ‘Housing Water, Electricity, Gas and Other Fuels’ falling by 3.4 per cent and the ‘Transport’ division declining by 1.6 per cent. Contributing to these decreases were lower prices for ‘Vegetables and Starchy Foods’, lower rates for water, sewage and electricity, as well as a fall in the international price of crude oil, which impacted the local price for petrol.

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