as free higher education introduced in april 2020. source : ministry of internal affairs and communications. trimmed mean - 0. 5 weighted median - 1. 0 mode - 1. 5 cy 07 note : all figures are based on bank staff calculations using the cpi excluding the effects of the consumption tax hikes, free education policies, and the " go to travel " campaign, which covers a portion of domestic travel expenses. the cpi figures from april 2020 onward are bank staff estimates and exclude the effects of measures such as free higher education introduced in april 2020. sources : ministry of internal affairs and communications ; bank of japan. chart 10 price rises and private consumption perception of overall livelihood by income group cpi by income group 3. 0 2. 5 y / y % chg. 2. 5 2. 3 s. a. chg. from cy 2019 to first half of cy 2022, points less than 3 mil. yen - 5. 4 3 - 9. 5 mil. yen - 3. 9 9. 5 mil. yen and over - 3. 4 2. 2 2. 1 2. 0 1. 5 1. 0 0. 5 less than 3 mil. yen 3 - 9. 5 mil. yen 9. 5 mil. yen and over 0. 0 first quintile second - fourth quintiles fifth quintile low annual income high working households ( average ) note : figures are for working households by annual income quintile and are for may 2022. source : ministry of internal affairs and communications. cy 14 note : the chart shows developments in the index for consumer perception of overall livelihood. figures are for all households in a particular income group and are the weighted averages of perception of overall livelihood in each income group using the number of households as weights. source : cabinet office.

manage and coordinate a programme whose essential elements are : • one, providing training to teachers, volunteers, peers and colleagues who would in turn pass on the knowledge in schools, in the workplace and in community - based organizations ; and • two, making use of existing financial service providers to deliver generic financial education to an expanded group of recipients. the central bank will be responsible for the preparation and standardization of the education material, for training of volunteers and for the overall management of the programme, including the mobilization of financial and other resources. priority groups the bank has identified five priority groups to be targeted for financial education. these groups are : 1. primary and secondary school students – this is an obvious priority category based on the well - accepted notion that financial education should begin in schools where kids should be taught the essentials about managing money and good financial habits from an early age. 2. the second priority group comprises young adults who are about to or have just entered the workplace. this group faces particular challenges, as they are targets for concerted advertising, for credit cards, loans, and insurance. in addition, they find themselves facing new financial obligations and most times, they are ill - equipped to make informed decisions. the plan is to locate these young people where they are – in tertiary institutions, in training programmes, in youth organizations or wherever they could be found in groups. among young people, attitudes towards savings and debt have changed dramatically and too many seem to live in a world whose motto is “ live for today and pay for it later ”. 3. a third group defined as priority are employees in the workplace, particularly those over 40 who do not have ready access to professional advice. for this group, the programme will focus on the need to accumulate adequate savings for retirement, which, on the basis of available information, is a major problem in trinidad and tobago. 4. the program will also identify community groups which could serve as avenues for reaching large numbers of lower - income and under - privileged households and individuals at risk of financial exclusion. the plan would be to work closely with the ngo community as well as with the ministry of community development and gender affairs to identify and focus on specific groups. 5. we have decided to include as a priority category new and prospective homeowners in government housing programmes. these beneficiaries of government housing are low - to - middle income households, many of whom are facing, for the first time, the need to include mortgage payments in an already tight budget equation