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Monday, May 19, 2025

Uptick in inflation for Jan-Nov 2022, reports CSO 

by

853 days ago
20230116
FILE PHOTO - This photo from March 2020 shows shoppers lining up to cash for items at the JTA supermarket at C3 in San Fernando. [Image by Rishi Ragoonath]

FILE PHOTO - This photo from March 2020 shows shoppers lining up to cash for items at the JTA supermarket at C3 in San Fernando. [Image by Rishi Ragoonath]

The In­fla­tion Rate for No­vem­ber 2022—mea­sured as the per­cent­age change in the av­er­age All Items In­dex for the pe­ri­od Jan­u­ary to No­vem­ber 2022/Jan­u­ary to No­vem­ber 2021—was 5.6%.

That’s ac­cord­ing to the lat­est All Items In­dex of Re­tail Prices Re­port is­sued by the Cen­tral Sta­tis­ti­cal Of­fice (CSO).

“This rep­re­sents an in­crease from 5.3%, which was record­ed in the pre­vi­ous pe­ri­od—Jan­u­ary to Oc­to­ber 2022/Jan­u­ary to Oc­to­ber 2021,” the CSO says in its re­port.

It added: “The In­fla­tion Rate for the com­par­a­tive pe­ri­od (Jan­u­ary to No­vem­ber 2021/Jan­u­ary to No­vem­ber 2020) was 1.9%.”

The CSO al­so re­ports an All Items In­dex of Re­tail Prices of 122.7—cal­cu­lat­ed from the prices col­lect­ed for the month of No­vem­ber 2022.  This rep­re­sents an in­crease of 0.2 points or 0.2% above the In­dex (All Items) for Oc­to­ber 2022, the CSO ex­plained.

“The In­dex for Food and Non-Al­co­holic Bev­er­ages in­creased from 144.5 in Oc­to­ber 2022 to 145.9 in No­vem­ber 2022, re­flect­ing an in­crease of 1.0%,” the re­port said.

Ac­cord­ing to the CSO re­port, con­tribut­ing sig­nif­i­cant­ly to this in­crease was the gen­er­al up­ward move­ment in the prices of chilled or frozen beef; fresh beef; chilled or frozen pork; me­l­on­gene; car­rots; cu­cum­ber; pump­kin; onions; green (sweet) pep­per and cab­bage.

It not­ed, how­ev­er, that the full im­pact of these price in­creas­es was off­set by the gen­er­al de­creas­es in the prices of toma­toes; ochroes; pow­dered milk (full cream); gar­lic; or­anges; steak (fresh); shrimp (fresh); salt­ed pig tail; Irish pota­toes and crab (fresh).

The CSO re­port notes that a fur­ther re­view of the da­ta for No­vem­ber 2022, com­pared with Oc­to­ber 2022, showed an in­crease in the sub-in­dex for Al­co­holic Bev­er­ages and To­bac­co of 0.7%, and a de­crease in the sub-in­dex for Cloth­ing and Footwear of 0.5% and for Health of 0.1%.

“All oth­er sec­tions re­mained un­changed,” the CSO added.

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