The Statistical Institute of Jamaica (Statin) reveals that as at November 2014 the All Jamaica ‘All Divisions’ Consumer Price Index was 224.9 indicating a fall of 0.5 per cent over the October 2014 index of 226.1. This movement represents the lowest inflation rate since the start of the 2014 calendar year. Downward movement in the index for the three highest weighted divisions contributed to this. The index for the division ‘Food and Non-Alcoholic Beverages’ declined by 0.1 per cent, and was mainly due to lower prices for vegetables. A reduction in the cost of electricity and lower rates for water and sewage were the key factors influencing the division ‘Housing, Water, Electricity, Gas and Other Fuels’, which moved down by 3.6 per cent. Additionally, a decrease of 0.6 per cent was recorded for the division ‘Transport’ due to lower oil prices on the international market.
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