The Central Bank of Trinidad & Tobago announced on Friday that headline inflation inflation rose to 5.7 per cent in November and that it will maintain the overnight Repo rate at 3.00 per cent.
The rate was 3.7 per cent in the previous month.
The rate was 3.7 per cent in the previous month.
In an official statement the bank said on a monthly basis, the general price level rose by 1.2 per cent in November following a decline of 0.1 per cent in October.
"The increase in the headline inflation rate was mainly attributable to higher food prices," the bank said.
"The increase in the headline inflation rate was mainly attributable to higher food prices," the bank said.
It added, "For the first time in six months year-on-year food inflation reached double digits -12.3 per cent in November."
It attributed the rise to flooding of some agricultural areas in late October and early November, which it said resulted in a shortage of fresh fruits and vegetables.
The bank noted that core inflation, which excludes the impact of food prices, was relatively well contained for most of 2011.
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