More
    HomeeconomyFood Prices Drop Nearly 5% in January as Meat, Seafood and Produce...

    Food Prices Drop Nearly 5% in January as Meat, Seafood and Produce Costs Fall

    Published on

    spot_img

    Food prices in Antigua and Barbuda fell sharply at the start of the year, with the Food and Non-Alcoholic Beverages index declining 4.9% in January compared with December, according to the latest Consumer Price Index report released by the National Bureau of Statistics.

    The decline reflects significant reductions in supermarket prices across several major food groups during the month.

    The overall food index dropped 5.0%, with seven of the nine major food categories recording decreases.

    Among the largest price reductions were meat and meat products, which fell 8.4%, fish and seafood down 8.0%, vegetables down 7.2%, and fruit declining 6.9% compared with the previous month.

    The report also noted that the drop in food prices contributed significantly to the broader decline in consumer prices for January.

    Despite the widespread decreases, some items recorded slight increases during the month. Prices for bread and cereals rose 0.5%, while sugar, jams, honey, chocolate and confectionery increased by 0.1%.

    Non-alcoholic beverage prices also fell, declining 4.1%, driven by lower prices for soft drinks and mineral water.

    The Consumer Price Index measures changes in the prices of goods and services commonly purchased by households and is used as the main indicator of inflation and cost-of-living trends in Antigua and Barbuda.

    Latest articles

    Auslando Davis Selected for Global Beverage Scholarship

    Antiguan hospitality professional Auslando Davis has been selected for the Tales of the Cocktail...

    ECAB Launches the ECAB Game Changers Scholarship

    Eastern Caribbean Amalgamated Bank (ECAB) launched the _ECAB Game Changers Scholarship_ on Monday 20th,...

    The Home of Party Cricket welcomes the CPL this August

    𝗔𝗡𝗧𝗜𝗚𝗨𝗔 𝗔𝗡𝗗 𝗕𝗔𝗥𝗕𝗨𝗗𝗔 𝗪𝗘𝗟𝗖𝗢𝗠𝗘𝗦 𝗧𝗛𝗘 𝗖𝗔𝗥𝗜𝗕𝗕𝗘𝗔𝗡 𝗣𝗥𝗘𝗠𝗜𝗘𝗥 𝗟𝗘𝗔𝗚𝗨𝗘 𝗧𝗢 𝗧𝗛𝗘 ‘𝗛𝗢𝗠𝗘 𝗢𝗙 𝗣𝗔𝗥𝗧𝗬 𝗖𝗥𝗜𝗖𝗞𝗘𝗧’‘The...

    Police Investigating Social Media Claims of Alleged Human Remains Off Parham Coast

    ROYAL POLICE FORCE OF ANTIGUA AND BARBUDAOffice of Strategic Communications (STRATCOM)MEDIA RELEASEFOR IMMEDIATE RELEASEPOLICE...

    More like this

    Auslando Davis Selected for Global Beverage Scholarship

    Antiguan hospitality professional Auslando Davis has been selected for the Tales of the Cocktail...

    ECAB Launches the ECAB Game Changers Scholarship

    Eastern Caribbean Amalgamated Bank (ECAB) launched the _ECAB Game Changers Scholarship_ on Monday 20th,...

    The Home of Party Cricket welcomes the CPL this August

    𝗔𝗡𝗧𝗜𝗚𝗨𝗔 𝗔𝗡𝗗 𝗕𝗔𝗥𝗕𝗨𝗗𝗔 𝗪𝗘𝗟𝗖𝗢𝗠𝗘𝗦 𝗧𝗛𝗘 𝗖𝗔𝗥𝗜𝗕𝗕𝗘𝗔𝗡 𝗣𝗥𝗘𝗠𝗜𝗘𝗥 𝗟𝗘𝗔𝗚𝗨𝗘 𝗧𝗢 𝗧𝗛𝗘 ‘𝗛𝗢𝗠𝗘 𝗢𝗙 𝗣𝗔𝗥𝗧𝗬 𝗖𝗥𝗜𝗖𝗞𝗘𝗧’‘The...