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Retail sales jumped 3.5 per cent in March, helped by a 24.3 per cent rise in the volume of food sales as many people stocked up ahead of restrictions because of the Covid-19 pandemic. Supermarkets, petrol stations and pharmacies were among the “essen...

The rate of inflation fell to 0.3 per cent in March, its lowest level since May last year. In March, the inflation rate was 0.6 of a percentage point lower than it had been in February. Between February and March, the average cost of goods and servic...

Retail sales edged 1.1 per cent higher in February than in the same month last year, after adjustment for inflation. Food stores recorded the largest volume increase of 5.6 per cent. Retailers partly attributed the higher sales volume to the extra sh...

Consumers paid 0.9 per cent more in February 2020 than they did a year previously for the basket of goods and services included in the Consumer Price Index. The level of inflation decreased 0.1 of a percentage point from January 2020. Between Januar...

Retail sales volume fell 4.2 per cent in December, traditionally the most important month of the year for the industry. All retail sectors saw their inflation-adjusted sales decline year over year, capping a grim run-up to the holiday season, followi...

Retail sales fell 3.2 per cent by volume in November, making it the nineteenth month out of the past 21 when sales volume in Bermuda have fallen year-over-year. Motor vehicle, apparel and building material stores suffered double-digit declines. Acros...

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 ...