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Inflation rate inches lower

Bermuda's inflation is 1.9 per cent after it edged 0.1 of a percentage point lower in December.

There was a 0.2 per cent decrease in the average cost of goods and services between November and December, as measured by the Consumer Price Index. The all-items index slipped to 104, which means a basket of goods and services that cost $100 in April 2015 now costs $104.

During December the food sector registered a 0.7 per cent decrease in prices, with potatoes, pasta and fresh wahoo all costing less.

Transport and foreign travel was down 1.4 per cent with the average cost of overseas hotels down 15.5 per cent, and car rentals down 4.8 per cent.

The average cost of magazines increased by 2.1 per cent, with the education, recreation, entertainment and reading sector up 0.1 per cent.

Year-on-year, the average cost of premium fuels was 4.6 per cent higher, while the food sector was up 3.3 per cent, and tobacco and liquor sector was 9.8 per cent higher.

Economic indicator: the all-items index slipped to 104 in December

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Published February 15, 2018 at 6:29 pm (Updated February 15, 2018 at 6:29 pm)

Inflation rate inches lower

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