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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...

Retail sales volume fell 5.3 per cent in December, marking a tenth successive month of decline in the biggest month of the year for many stores. For the first time, the Retail Sales Index from the Department of Statistics detailed the value of import...

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...

Retail sales volume fell for an eighth successive month last October. After adjusting for the retail sales rate of inflation, measured at 2.3 per cent in October, the overall volume of retail sales decreased 0.4 per cent, the Department of Statistics...

October’s Retail Sales Index report will be released “within the week”, a government minister promised yesterday. Typically, both the October and November Retail Sales Index reports, produced by the Department of Statistics, would have been released ...

The main driver of Bermuda’s increase in gross domestic product is expected to continue to deliver positive economic news, a Bermuda Government minister said yesterday. GDP for the third quarter of 2018 increased 1.6 per cent year-over-year, Governme...

Bermuda dipped into a technical recession in the first three months of last year, revised figures show. The last time the island recorded two consecutive negative growth quarters — generally referred to as a technical recession — was 2014 when there ...

An economic indicator that strongly improved during the period when the island hosted the 2017 America’s Cup, has edged higher again. Bermuda’s gross domestic product for the second quarter of 2018, when adjusted for inflation, rose by 0.8 per cent y...

Bermuda’s economy is facing challenges on multiple fronts as it heads into 2019. A potent combination of increasing taxes, growing external threats to the island’s international business sector from the likes of the European Union, consolidation in t...