ECCB - Annual Report 2005-2006

According to the Eastern Caribbean Central Bank's Annual Report 2005-2006, while the level of inflation in the currency union remained relatively low in 2005, the rate at 4.0 per cent was up from the 2.6 per cent in 2004.

A sharp upturn in the prices of fuel and petroleum products led to substantial hikes in the cost of transportation and electricity, which impacted the prices of many other domestically produced goods and services. There were also significant increases in the prices of imported

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