text: Figure 3 shows the evolution of Consumer Price Index (CPI) inflation in terms of average quarterly data from the third quarter of 2014 until the fourth quarter of 2018. The CPI inflation rate in the fourth quarter of 2018 was 2.0%, down from 2.7% in the third quarter of 2018. Over this period, the highest rate of inflation occurred in the third quarter of 2018 at 2.7% while the lowest rate of inflation occurred in the first and second quarters of 2015 at 1.0%.