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Consumers paid 0.9 per cent more in February 2020 than they did a year previously for the basket of goods and services included in the Consumer Price Index. The level of inflation decreased 0.1 of a percentage point from January 2020. Between Januar...

Retail sales volume fell 4.2 per cent in December, traditionally the most important month of the year for the industry. All retail sectors saw their inflation-adjusted sales decline year over year, capping a grim run-up to the holiday season, followi...

Retail sales fell 3.2 per cent by volume in November, making it the nineteenth month out of the past 21 when sales volume in Bermuda have fallen year-over-year. Motor vehicle, apparel and building material stores suffered double-digit declines. Acros...

Inflation averaged 1 per cent last year — the lowest annual average rate in the increase in the cost of living in more than a decade. The revelation came in the Consumer Price Index, released by the Department of Statistics today, which showed that t...

Retail sales fell in both September and October to continue their downward trend. Motor vehicle sellers saw the biggest fall with an inflation-adjusted, year-over-year sales dip of 26.9 per cent in September and 21.4 per cent in October. Others to se...

Bermuda had a balance of payments surplus of $251 million in the third quarter of 2019, and increase of $17 million year-on-year. The increase in the surplus was mostly due to a reduced deficit balance in the island’s goods account, which was $264 mi...

Rising costs for health insurance and food were two of the main drivers of inflation in October. Consumers paid 0.7 per cent more in October 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index, the ...

Bermuda’s economy grew for the third time in four years in 2018 according to annual gross domestic data. The 0.1 per cent expansion of GDP after adjusting for inflation last year was achieved mainly thanks to growth in construction and international ...

Bermuda’s gross domestic product increased by 0.1 per cent to $6.5 billion in 2018, the Government announced today. GDP is a measure of economic activity that captures the value of goods and services produced within a country during a given period. I...

Retail sales plunged 7.6 per cent in August when adjusted for inflation. It was the sixteenth month in the past 18 that sales declined year over year and the largest percentage decline since June 2018. All retail sectors recorded lower sales volumes...