Inflation falls to 1.5%

Make text smaller Make text larger

  • More expensive: the price of premium fuels rose 6.7 per cent between August and September

    More expensive: the price of premium fuels rose 6.7 per cent between August and September


Bermuda’s inflation rate crept down to 1.5 per cent in September, the lowest rate recorded in more than a year and down 0.8 percentage points from August.

The main driver of cost-of-living increases over the past year was the transport and foreign travel sector, up 3.2 per cent, mainly because of the 13.7 per cent increase in the cost of premium fuels, according to the Consumer Price Index analysis released by the Department of Statistics today.

A 0.8 per cent increase in education costs was among the most notable month-to-month rises. The average cost of tuition rose 2.4 per cent at Bermuda schools and 2.5 per cent at overseas colleges.

The transport and foreign travel sector advanced 0.2 per cent in September, tanks to a 6.7 per cent spike in the cost of premium fuels compared to August and a 7.1 per cent jump in the price of overseas hotels.

A 4.6 per cent increase in the cost of propane gas drove a 0.2 per cent month-to-month increase in fuel and power sector prices.

Food prices fell 0.1 per cent for the month, with frozen spare ribs, down 3.2 per cent, pasta, down 2 per cent, and rice, down 1.8 per cent, some of the factors behind that decrease.

You must be registered or signed-in to post comment or to vote.

Published Dec 20, 2017 at 8:00 am (Updated Dec 20, 2017 at 11:12 am)

Inflation falls to 1.5%

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries