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Jamaica: Currency Devaluation, Price Hikes For Basic Foodstuffs

LADB Article ID: 071713
Category/Department: General
Date: Tuesday, November 14, 1989
By: John Neagle

On Nov. 8, Industry and Commerce Minister Claude Clark announced price hikes ranging from 5% to 18.5% on several basic foodstuffs, effective Nov. 9 until April 1991. The price increases followed a nearly 5% currency devaluation implemented the p...

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