A Year To Remember For Consumers

Thanks in part to the absence of fuel price increases the whole year and robust public service wage increases, 2019 was generally a smoother ride for households, who in previous years have suffered from high inflation and the erosion of disposable incomes.

Food prices were generally stable, rising by 2.6 percent in the year to October 2019, with average prices of oils and fats actually dropping while staples such as bread, milk, meat, fruits and vegetables all inching upwards only marginally despite a regional drought.