Jamaica’s inflation rate for April 2020 was 0.2 per cent as the All Jamaica Consumer Price Index (CPI) moved from 103.5 in March 2020 to 103.7.

The Statistical Institute of Jamaica (STATIN) issued the new figures in a release on Wednesday.

The April 2020 bulletin introduces a new CPI series. The goods and services included in the new CPI basket and the weights associated with each item are based on the 2017 Household Expenditure Survey. The base price reference period for the new series is the 2019 calendar year.

The inflation rate for April 2020 was impacted by the reduction in the GCT rate from 16.5 per cent to 15.0 per cent with effect from April 1, 2020.

The heaviest weighted division — food and non-alcoholic beverages — recorded an increase in its index of 0.3 per cent.

http://www.jamaicaobserver.com/business-report/statin-reports-0-2-inflation-rate-for-april_197587