Log In

Reset Password
BERMUDA | RSS PODCAST

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

You must be Registered or to post comment or to vote.

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

Inflation rate inches lower

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