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Saint Lucia has seen a significant reduction in its inflation rate in 2023. The overall inflation rate slowed on a point-to-point basis to 2.1% in December 2023, down from 6.9% in December 2022.
This trend highlights the resilience of Saint Lucia’s economy in the face of global economic uncertainties.
More in this report from Glen Simon:
SOURCE: National Competitiveness and Productivity Council
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what a joke, inflation PLUMMETS, oh please
Who are you all fooling? Are you telling me the prices at Massy”s are lower? Gas prices? Where exactly did prices go down? Absolutely false,.
Inflation measures the rate of INCREASES in prices. Prices are still INCREASING, just slower. PRICES ARE NOT COMING DOWN. The price increases we see of almost 50% between 2021 and 2024 are still there. Massy still keeps increasing prices. Nice try though
Who said Pierre doesn’t have a sense of humor? Thanks for the afternoon laughter, Pierre. Nice one!
So basically, a basket of goods and services in Saint Lucia were 2.1% more expensive in december 2023 compared to the same time the year before. You know theres nothing wrong with inflation, its there to keep things in balance, everything is limited in nature and with population growth we are all fighting for a smaller piece every single day. Typically the price of things increase on average 2% every year. In a properly functioning economy wages should be rising to keep on pace with inflation. Governments should be finding ways to efficiently manage the resources of a country while increasing developement and productivity this is how we stay ahead.
@Poule Foo – a sense of humour at MY expense!!
Funny guy that Pierre fellow. loads of laughter
Now could you please tell Massey that the joke is over before the prices give me a heart attack
There’s nothing like price Control in St.Lucia it’s Price out of Control.Bureau of no Standard and Ministry of Death