St. Kitts – Nevis Keeps Inflation Rate Low

Basseterre, St. Kitts – Nevis
March 03, 2008 (CUOPM)

The Federation of St. Kitts and Nevis registered the second lowest rate of inflation for the last nine months of last year, the Eastern Caribbean Central Bank (ECCB) is reporting.

According the Basseterre-based financial institution, the rate of inflation in the member countries of the Eastern Caribbean Currency Union (ECCU), ranged from 1.1 percent in Anguilla to 6.2 percent in St. Vincent and the Grenadines during the first nine months of 2007.

The rate of inflation in the ECCB member countries for the first nine months of 2007 is 1.1 percent in Anguilla; 2.5 percent in Antigua and Barbuda; 3.2 percent in Dominica; 5 percent in Grenada; 2.2 percent in Montserrat; 1.6 percent in St. Kitts and Nevis; 4.3 percent in St. Lucia and 6.2 percent in St. Vincent and the Grenadines.

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