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Members of the retail and restaurant divisions of the Bermuda Chamber of Commerce have teamed up for a special promotion this month. Until December 12, participating establishments will offer the 75/10 Holiday Promotion to entice shoppers and diners ...

The economy suffered the deepest contraction in living memory last year, the latest statistics revealed last night. The 2020 report on Bermuda’s Gross Domestic Product said the economy contracted by 6.9 per cent in real terms as the Covid-19 pandemi...

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...

Overseas purchases by Bermuda residents jumped to $25.6 million in July, an increase of $6 million year-over-year. The jump was reported in the monthly Retail Sales Index Report released on Friday by the Ministry of the Cabinet Office. The 30.6 per c...

Balance of payments figures released by the Government show a current account surplus of $313 million in the second quarter of 2021 — a $37 million increase year over year. The growth in the surplus reflected an increase in the inflow of currency to ...

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...

The volume of retail sales was 5.9 per cent higher in June than in June 2020, after adjusting for the retail sales rate of inflation, measured at 1.9 per cent in the month. The uptick was attributed mostly to increased spending on-island by resident...

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...

Ten infrastructure projects awarded under Government’s short-term economic stimulus programme are complete while a further 11 are ongoing, the House of Assembly has been told. Wayne Furbert, the Acting Minister of Public Works, said awards to compani...