This indicates that thus far there has been limited pass-through from petrol prices to prices of other goods and services. Other categories of goods and services that have shown significant price increases are tobacco products, domestic workers’ wages, medical costs and education. In contrast, prices of clothing and footwear have continued to fall, while most other categories show very subdued price increases.
As Dr. Jackson indicated, the first Conference was really intended to focus on the implications of the new sterling agreements following the devaluation of the pound sterling to which most of our currencies were pegged.