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Inflation and deflation

Economy

Power price plunge dampens inflation rate

Consumers paid 1.2 per cent more for goods and services in May than they did at the same time the previous year. But the consumer price index dropped 0.2 per cent between April and May — despite an 8.5 per cent jump in the cost of healthcare. Governm...
Jul 09, 2015
Other

Surprised? Hamilton tops cost of living list

Bermuda’s capital tops a list of 495 cities around the world for expense, according to an online database of reported consumer prices. Based on details obtained from crowdsourcing, the site Numbeo is an imperfect source — but a popular indicator none...
Jul 03, 2015
Economy

Spike in health insurance drives inflation

An increase of nearly 10 per cent in health insurance premiums was the main driver of the cost of living rise in April. According to figure released by the Department of Statistics, the annual rate of inflation jumped to 1.8 per cent — the highest ra...
Jun 25, 2015
Economy

Inflation rate falls to five-year low

The annual rate of inflation hit its lowest point in more than five years in March, as prices rose 1.2 per cent from a year earlier. Government statistics released today showed how the slump in global oil prices has slowed down the increase in the co...
May 29, 2015
Economy

Food and healthcare fuel inflation

Prices rose 0.2 per cent from January to February, the latest Government statistics have revealed. And year-on-year to February, the cost of a standard basket of goods used to calculate the Consumer Price Index went up by 1.6 per cent. The health and...
Apr 09, 2015
Other

Lower electricity costs dampen inflation

The rate of inflation fell in January, dropping to 1.4 per cent from 1.5 per cent measured in December 2014, as lower global oil prices dampened increases in the cost of living. The Consumer Price Index (CPI) report found that fuel and power costs fe...
Mar 06, 2015
Economy

Consumers boosted by oil price collapse

Bermuda consumers are seeing significant benefits from the collapse in world oil prices late in 2014, the latest Government statistics reveal. In December, premium fuel cost almost nine per cent less at the pump than it did a month earlier, according...
Feb 10, 2015
Economy

Falling fuel costs keep lid on inflation

Plunging fuel costs limited the rise in the cost of living in November, according to Government statistics released today. The Consumer Price Index measured the annual rate of inflation at 2.3 per cent, down from 2.6 per cent in October. The main inf...
Jan 15, 2015
Economy

Inflation climbs — but fuel prices fall

The standard shopping basket of goods and services was 2.6 per cent more expensive in October than a year earlier, the latest Government statistics have revealed. The average cost of items on the Consumer Price Index (CPI) rose by 0.3 per cent from S...
Dec 16, 2014
Economy

Inflation edges higher

Inflation edged higher in July, driven by increases in the cost of healthcare and food. The annual inflation rate rose to 1.9 percent from 1.8 percent in June, according to the Consumer Price Index (CPI), published by Government today. However, betw...
Sep 09, 2014
Economy

Inflation fell to 1.8% in June

Consumers paid 1.8 percent more in June 2014 than they did a year ago for the basket of goods and services included in the Consumer Price Index (CPI). This level of inflation decreased 0.3 percentage points from the 2.1 percent measured in May 2014. ...
Aug 04, 2014
Other

Health insurance premiums drive increase in cost of living

Soaring health insurance premiums are a major driver of the increase in the cost of living, the latest Government statistics reveal. The Consumer Price Index, released by the Department of Statistics today, showed there was an average increase of 8.2...
Jun 04, 2014
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