Aruba Agriculture Profile 2012

h import dependency rate, the year-on-year inflation rate in March 2011 was 3.7 percent in the food sector and only 1.8 percent in the cereal sector. The food price inflation rate followed a moderate upward trend since the beginning of 2011. According to official data, the commodities which experienced the highest increase in prices in the first quarter of this year were fish (7.8 percent), potatoes (6.8 percent), vegetables (5 percent) and oils (4.6 percent). In order to limit price increases, the Government decided to maintain the subsidy on wheat supplied to mills. Earlier this year, it slashed taxes and import duties on sugar and oil, which reduced their prices by a total of 41 perc