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Updated: 31 Oct 2008
Press Release
Data End User's Workshop (August 26-27, 2008)
Consumer Price Index Second Quarter (August 29, 2008)
The second quarter of 2008 has reinforced the observations made at the end of the first quarter that the combination of factors that inter alia had already resulted in the improvement of agricultural supplies to the market could only have a positive impact on the index as the year progressed.
Prices overall did rise in the second quarter but the slowdown in the rate of price increase in this period was patently obvious. From the 4.8% increase recorded at the end of the first quarter, prices increased by a further 1.0 percentage points, so that the overall CPI, now stands at 5.8 per cent at the end of the half-year.
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Consumer Price Index First Quarter (June 17, 2008)
The compounded effect of both domestic and external factors contributed to an inflation rate of 14.0% during 2007. These factors were analyzed in detail during 2007 and adequately summarized during the Budget presentation of 2008. The impact of the external factors (imported price escalations in both food and fuel imports) have continued unabated into 2008, and small open economies like Guyana have had to bear the full brunt of this reality resulting in the participation by Government in several initiatives at the Regional level and introduction of additional policy measures nationally to bring further levels of relief to the populace as a whole in the ongoing combat against the rise in global food prices and the cost of living.
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version (49 KB)
The compounded effect of both domestic and external factors contributed to an inflation rate of 14.0% during 2007. These factors were analyzed in detail during 2007 and adequately summarized during the Budget presentation of 2008. The impact of the external factors (imported price escalations in both food and fuel imports) have continued unabated into 2008, and small open economies like Guyana have had to bear the full brunt of this reality resulting in the participation by Government in several initiatives at the Regional level and introduction of additional policy measures nationally to bring further levels of relief to the populace as a whole in the ongoing combat against the rise in global food prices and the cost of living.
Downloads available here
PDF
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