Macroeconomic Forecast Trinidad & Tobago

BMI View: Inflation ticked down from 5.7% y-o-y in November 2011 to come in at 5.3% in December. The slight decline in headline inflation was impacted by a slowdown in food price inflation, which ended the year at 10.9%. We see a modest improvement in supply-side inflationary pressures in 2012, as our Commodities team forecasts a slowdown in food prices, informing our end-2012 inflation rate forecast of 4.0%.

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