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

    Cabinet Confirms Island-Wide CCTV Surveillance System to Be Installed at 43 Locations

    CABINET NOTES: The Cabinet of Antigua and Barbuda has reaffirmed its commitment to strengthening...

    APUA Workers to Review Proposals After ‘Positive’ Talks Between Union and Government

    The Antigua Trades and Labour Union (AT&LU) says recent negotiations with the Antigua Public...

    Extended Operational Hours Announced for Four Health Centers

    Health Minister, Sir Molwyn Joseph has announced a major step forward in improving access...

    Police Seek Public’s Help to Locate Stolen Honda Fit

    Residents are being asked to keep an eye out for a silver Honda Fit...

    More like this

    Cabinet Confirms Island-Wide CCTV Surveillance System to Be Installed at 43 Locations

    CABINET NOTES: The Cabinet of Antigua and Barbuda has reaffirmed its commitment to strengthening...

    APUA Workers to Review Proposals After ‘Positive’ Talks Between Union and Government

    The Antigua Trades and Labour Union (AT&LU) says recent negotiations with the Antigua Public...

    Extended Operational Hours Announced for Four Health Centers

    Health Minister, Sir Molwyn Joseph has announced a major step forward in improving access...