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Inflation for December to reflect hike in food, housing, water and electricity

The Bank of  Jamaica (BOJ) says inflation this month is anticipated to mainly reflect increases in Food and Non-Alcoholic Beverages as well as Housing, Water, Electricity, Gas & Other Fuels. 
 
However, in its latest outlook for the 2017/18 fiscal year it says inflation is still projected to fall within the target range of  4 to 6 percent.
 
Meanwhile, inflation for November is projected to reflect increases in Food and Non-Alcoholic Beverages as well as transportation. 
 
According to the Central Bank's latest Short term Inflation Analysis and Forecast the increase in Food and Non-Alcoholic Beverages is expected due to higher non-processed food prices stemming from the impact of  excessive rainfall. 
 
It says the upward impulse for the month is also expected to emanate from higher petrol rates. 
 
A decline in Housing, Water, Electricity, Gas & Other Fuels due to an appreciation in the exchange rate as well as a reduction in the fuel charge for energy, is expected to partly offset inflation for November.


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