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A One Bermuda Alliance claim that the Government has misrepresented the inflation rate yesterday sparked a war of words. Cole Simons, the Opposition leader, said that the figures produced by the Cabinet Office “just don’t add up”. But Wayne Furbert, ...

Inflation slowed its upward trajectory in the year to August, in figures released by the Government. The Ministry for the Cabinet Office released the August 2021 Consumer Price Index (CPI) from the Department of Statistics. The ministry said that dur...

It is important to give the public some background to the factors that drive our costs of goods. Bermuda has two supply ships: one ship comes out of Florida and the other ship comes out of New Jersey. That means all of the goods that supply our islan...

Bermuda’s annual inflation rate increased at the highest rate in four years in July, increasing to 2.2 per cent. The rise was a full percentage point higher than June’s figure of 1.2 per cent and the highest since inflation hit 2.4 per cent in March...

Bermuda’s inflation rate may be four times higher than the Government’s official Consumer Price Index, according to a Bermuda investment firm. Anchor Investment Management also warned its investors that it expects inflation to stay at 5 per cent or ...

Inflation figures just released by government show that during June consumers paid 1.2 per cent more than they did in June 2020 for the basket of goods and services. The Ministry for the Cabinet Office released the latest Consumer Price Index (CPI) p...

The rate of inflation rose 1.4 per cent in May as airfares soared more than 27 per cent, the government said today. The year over year increase in the Consumer Price Index was the highest since August, 2019 when it was 1.5 per cent. The rise in air...

Food prices have skyrocketed in the past year and more increases are likely, grocery stores warned yesterday. Supermarket chains claimed they were doing all they could to keep prices down, but that they were fighting factors beyond their control. Ret...

Inflation. We all know it when we see it. Prices rise, gas stations have lines. Graphs point upward. Eyebrows lift. Eyeballs roll. From Mary Tyler Moore gently tossing a package of meat into her shopping cart in the opening credits of her 1970s sitco...

Bermuda’s annual inflation rate was negative for the sixth month out of seven in January at -0.3 per cent. The island had experienced five consecutive months of deflation before the annual inflation rate turned positive in December at 0.3 per cent. C...

After five consecutive months of deflation, Bermuda’s annual inflation rate turned positive in December. The rate was 0.3 per cent. Consumers paid 0.3 per cent more for a basket of goods and services included in the Consumer Price Index in December t...

Bermuda’s annual inflation rate remained negative for the fifth consecutive month in November at -0.1 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.1 per cent less for a basket of goods and...