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Inflation averaged 1 per cent last year — the lowest annual average rate in the increase in the cost of living in more than a decade. The revelation came in the Consumer Price Index, released by the Department of Statistics today, which showed that t...

Retail sales fell in both September and October to continue their downward trend. Motor vehicle sellers saw the biggest fall with an inflation-adjusted, year-over-year sales dip of 26.9 per cent in September and 21.4 per cent in October. Others to se...

Bermuda had a balance of payments surplus of $251 million in the third quarter of 2019, and increase of $17 million year-on-year. The increase in the surplus was mostly due to a reduced deficit balance in the island’s goods account, which was $264 mi...

Rising costs for health insurance and food were two of the main drivers of inflation in October. Consumers paid 0.7 per cent more in October 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index, the ...

Consumers paid more for goods and services in June than they did in the same month in 2018. The Consumer Price Index rose 0.7 per cent, year-on-year. The inflation rate year-on-year more than doubled during the month, rising by 0.4 of a percentage po...

Bermuda’s surplus in economic transactions with the rest of the world narrowed to $204 million in the first quarter of this year. One of the drivers of the $116 million fall in the current-account surplus, compared to the first quarter of 2018, was a...

Consumers paid more for goods and services in April, than they did in the same month in 2018. The Consumer Price Index rose 1 per cent, year-on-year. The rate of inflation declined 0.2 percentage points from the 1.2 per cent measured in March. Betwee...

Consumers paid more for goods and services in March than they did in the same month in 2018. The Consumer Price Index rose 1.2 per cent, year-on-year. The level of inflation increased by 0.1 of a percentage point from the 1.1 per cent measured in Feb...

Retail sales volume fell again in January, marking an eleventh successive month of decline. Apparel stores were the hardest hit sector with a volume decrease of 22.8 per cent from last year. Motor vehicle sales volume dipped 11.8 per cent. Overall sa...

The annual rate of inflation fell to 0.8 per cent in November last year — the lowest rate of increase in the cost of living recorded since June 2016. The Consumer Price Index, which measures price movements through a basket of goods and services, fou...