The International Monetary Fund has projected inflation to fall in Antigua and Barbuda this year.
Its World Economic Outlook released on Tuesday says the average increase in prices will be 5.1 per cent in the twin-island state this year, compared to 9.2 per cent in 2022.
This is forecast to be significantly lower than the average of over 13 per cent for Latin America and the Caribbean for 2023.
It will also be lower than that of several other Caribbean countries, including Barbados, which is projected to see a rate of inflation of close to 7 per cent this year, and Guyana at 6.6 per cent.
St Kitts and Nevis is projected to see the lowest rate of inflation among Caricom at 2.3 per cent, while Suriname is set to see the highest, at 42.7 per cent.
The IMF says the baseline forecast is for global headline inflation to decline from 8.7 percent in 2022 to 7.0 percent in 2023.
All countries around the world have been faced with higher prices as a result of supply shocks from Russia’s invasion of Ukraine. (State Funded Media)
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Antigua tink and dutty!!! Take a drive on Lauchland Benjamin drive yes that concrete stretch that leads down to Friars Hill Road and you will dutty wash kin, poo poo water from the apartment complex being allowed to flow downhill then onto the road. How on earth a country which has a health ministry with health inspectors allow such unhygienic, unfilthy and unsightly thing to occur? Is it because bakkra people own the apartment complex?
SMH..
Your name alone says it all….
It is always good to view favorable economic news issued by an independent body.
Until IMF reports on what sector of the population are the beneficiaries of these reports then these reports are meaningless.
A drop in inflation is always welcome but it has different impact on various economic groups.
When a person makes subsistence wages inflation can be a killer.
Inflation is an external factor we suffer due to the influence of others, in particular TRADE. Antiguans & Barbudans almost starve to death during world war I & II according to my Grandmother.
Inflation? I wonder if it’s a euphemism for STARVATION…
@A&B of itself…rising or falling…U grannie no easy🖤❤️😀😀😆’s great taking points for de man fram Point.
Jumbee_Picknee
They Teach the youths to learn in school that dish run away with spoon and cow jump over moon
Inflation is an external factor we suffer due to the influence of others, in particular TRADE. Antiguans & Barbudans almost starve to death during world war I & II according to my Grandmother.
Inflation? I wonder if it’s an euphemism for STARVATION…
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