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Retail sales dropped 2.7 per cent to $80 million for February compared to the same month last year. After adjustment for inflation, which stood at 2.1 per cent in February, the volume of retail sales fell by 4.6 per cent. Four of the seven sectors ch...

The annual rate of inflation was 1.9 per cent in February — unchanged from January. The education, recreation, entertainment and reading sector was the largest contributor to the year-over-year increase for the second consecutive month. This sector w...

Consumers paid 1.9 per cent more in January than they did a year before for goods and services. And the level of inflation rose by 0.3 of a percentage point to 1.9 per cent between December last year and the first month of 2017. The cost of the educa...

Island countries are set to be buffeted by major global changes, a report from KPMG has warned. The Emerging Trends in Infrastructure report from the professional services firm spotlighted ten global trends, many of which “underscore a drive for more...

Retail sales last December fell 2.4 per cent compared to the same period in 2015. The total spend dropped to $108.9 million from $111.6 million, with three of the seven sectors monitored by Government statisticians reporting decreases in sales revenu...

The rate of inflation dropped slightly last December to 1.6 per cent, 0.1 percentage points down from November. The price change refers to the standard basket of goods and services measured by the consumer price index compared to the same period in 2...

A sharp increase in tourism revenues helped to support Bermuda’s current account surplus in the third quarter of last year, even as reinsurance receipts fell. The island recorded a surplus of $208 million in the July through September period, narrowi...

A measure of the size of Bermuda’s economy shrank in the third quarter of last year, as the value of exports fell while imports rose. The island’s gross domestic product in the July through September period was estimated at $1.36 billion — down 0.5 p...

Retail sales in October fell 3.8 per cent compared with the same month in the previous year. In 2015, retailers received a boost during October from the island’s hosting of a Louis Vuitton America’s Cup World Series event, while this year the month w...

Inflation edged up to 2.1 per cent in October, 0.1 of a percentage point higher than the month before. For the second consecutive month, the education, recreation, entertainment and reading sector was the largest contributor to the year-over-year cha...