Inflation eases slightly as health and fuel costs climb
Consumers paid 1.8 per cent more in April 2025 than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Department of Statistics reported today.
The annual inflation rate edged down 0.1 percentage points from March’s 1.9 per cent, showing continued moderation from the post-pandemic peaks of recent years.
Price increases were led by the Fuel and Power division, which rose 5.7 per cent year-over-year, and Health and Personal Care, which climbed 3.8 per cent. Rent was up 2.4 per cent, while food prices rose 1.7 per cent.
Other divisions saw only minor changes, with the Education, Recreation, Entertainment and Reading division up 1.1 per cent. Tobacco and Liquor and Transport and Foreign Travel both recorded small declines, falling 0.5 per cent and 0.7 per cent respectively.
Between March and April, the CPI rose 0.7 per cent, driven largely by a 3.7 per cent increase in Fuel and Power and a 3.5 per cent rise in Health and Personal Care. Food costs were unchanged from the previous month.
The Department noted that a basket of goods and services that cost $100 in April 2015 would now cost $119.70.
Inflation in Bermuda has slowed sharply since the 5.1 per cent peak in September 2022, when global energy and food costs surged. The annual average increase was 4.0 per cent in 2022, 3.3 per cent in 2023, and 1.9 per cent in 2024, reflecting what officials called a “continued moderation” in the pace of price growth.
For more on the April Consumer Price Index, see Related Media
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