Inflation jump will affect people Island-wide

Mon, 13 Jan 2014

A higher than expected jump in inflation last month will impact the pockets of each average working person in the street.

That’s the message from the Treasury Minister, who is branding the rise as a disappointment - led by factors outside of government control.

Food saw the biggest jump of 8.5 per cent, sparked by a worldwide grain and wheat shortage that pushed up prices in 2013.

Eddie Teare says government is doing all it can to mitigate financial pressures that the public must face: