Bermuda’s annual inflation rate edged lower in August, with consumers paying 1.9 per cent more for goods and services than a year earlier, according to the latest Consumer Price Index released by the Ministry of Economy and Labour.

The August reading was down 0.1 percentage points from July’s annual rate, signalling a modest easing in price pressures, data compiled by the Department of Statistics showed.

On a year-on-year basis, rent recorded the largest increase, rising 2.4 per cent between August 2024 and August 2025. Health and personal care costs climbed 3.9 per cent, while food prices were up 2.3 per cent over the same period. Transport and foreign travel increased 1.3 per cent, and the education, recreation, entertainment and reading division advanced 0.8 per cent.

The CPI measures changes in the cost of a standard basket of goods and services, with annual inflation comparing prices to the same month a year earlier and monthly inflation tracking changes from one month to the next.

On a monthly basis, the average cost of goods and services rose 0.1 per cent between July and August 2025.

Food prices saw the biggest month-to-month movement, increasing 0.5 per cent. Rent edged up 0.1 per cent, while transport and foreign travel, along with health and personal care, each recorded 0.1 per cent increases.