By Stephen Cummings
Caribbean Net News Trinidad and Tobago Correspondent
Email: stephen@caribbeannetnews.com

PORT-OF-SPAIN, Trinidad:  Recent inflation data released by the Central Statistical Office in Trinidad and Tobago indicate that the rate of inflation has slowed for the fourth consecutive month.

The CSO in its latest report says headline inflation measured 8.4 per cent to February 2007 compared with 8.6 per cent in January and a high of 10 per cent in October 2006.

It has cited food prices as the main stimulus to headline inflation. This also slowed to 19.7 per cent in February from 20.9 per cent last month.

Core inflation also went up in February 2007 to 4.5 per cent from 4.4 per cent in January.

The CSO says current core inflation figure suggests that underlying inflationary pressures in the form of fiscal and monetary impulses are still quite strong.

The central bank has once again promised to continue to keep monetary conditions under close review.