Inflation rises to 2%

Make text smaller Make text larger

  • Costing more: the inflation rate in Bermuda moved up 0.6 percentage points to 2 per cent in November

    Costing more: the inflation rate in Bermuda moved up 0.6 percentage points to 2 per cent in November


Inflation jumped to 2 per cent in November, up from 1.4 per cent the month before.

The transport and foreign travel sector was up 1.2 per cent, with the average cost of overseas hotels up 3.6 per cent, and airfares 1.6 per cent higher.

Among food items that became more expensive in November were cantaloupes, up 14.3 per cent, green peppers up 8.3 per cent, and pasta up 2.4 per cent. The food sector was 0.1 per cent up for the month.

Fuel and power costs declined 2.1 per cent, assisted by a 6.5 per cent decline in the fuel adjustment clause.

Between October and November the average cost of goods and services in the Consumer Price Index increased by 0.1 per cent, to move the all-items index to 104.2. This means a basket of goods and services that cost $100 in April 2015 now costs $104.20.

Year-on-year, the biggest contributing factor to the CPI in November was a 6 per cent rise in the transport and foreign travel sector. Premium fuels jumped 9.4 per cent.

Also, there was a 9.3 per cent rise in tobacco and liquor sector prices, while the food sector was up 2.8 per cent year-on-year.

You must be registered or signed-in to post comment or to vote.

Published Feb 8, 2018 at 5:25 pm (Updated Feb 8, 2018 at 5:25 pm)

Inflation rises to 2%

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "Cup Match 2018 is in the record books. Who is your favourite for MVP?"
    • Onias Bascome (StG)
    • 46%
    • Chris Douglas (SCC)
    • 7%
    • Terryn Fray (SCC)
    • 15%
    • Stephen Outerbridge (SCC)
    • 9%
    • Dion Stovell (SCC
    • 23%
    • Total Votes: 1869
    • Poll Archive

    Today's Obituaries

    eMoo Posts