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Consumer prices down 1.1%

The Statistical Institute of  Jamaica (Statin) is reporting that consumer prices are down 1.1% for the year so far.
   
Prices fell by 0.7% in February, following a 0.5% decline in January.
   
Last month's decline in prices resulted mainly from lower costs for electricity, water and food.
   
The declines offset increases in the earnings of carpenters, masons, plumbers, painters and electricians.

   
Consumer prices have declined in each of  the last four months, mainly due to the lower price of  oil.     



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