Antigua and Barbuda’s annual inflation rate eased to 3.7% in June, down from 4.1% in May, according to the latest Consumer Price Index report.
Despite the slowdown in year-over-year inflation, consumer prices increased 0.6% between May and June.
Energy costs remained a major driver of inflation, rising 20.6% over the 12 months ending in June. Electricity prices surged 42.9% as the fuel variation rate increased from 56 cents to 80 cents.
The broader housing, water, electricity, gas and other fuels category increased 8.5% over the year.
Food and nonalcoholic beverage prices rose 1.7%. Fish and seafood prices increased 8.5%, vegetables climbed 4.4%, and oils and fats rose 3.2%. However, fruit prices declined 9.2%, while meat prices fell 4.8%.
Other notable annual increases included recreation and culture at 30.2%, education at 13.3%, transport services at 10.3%, and restaurants and hotels at 4.5%.
The index measuring all items except food and energy rose 2.5%, compared with a 3.7% increase recorded in May.
Four of the 12 main spending categories registered annual price declines, while eight recorded increases.
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This stimulating fillip is again due to the freebies and inducements from the pre-election giveaways that will eventually have to be paid for by the hardworking Antiguan public by the year end. Fact!
The only people that cannot – or will not – see this will be the usual ABLP suspects, and we all know they’ll be jumping on this platform soon to defend the indefensible!
I must be shopping at the wrong frigging places such as Epicurean, Woods and Jolly Harbour and First Choice which I really refer to as Last Choice. Prices and Consumer Affairs should suggest where we shop to cash in on these savings because I certainly never experience any. PURE BULLSHIT
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