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For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021. The Ministry of Economy and Labour has just released the 2022 Retail Sales Index, with compara...

The cost of some food items has increased by almost 30 per cent in the past year, according to the latest figures. Statistics released by the Government’s Department of Statistics yesterday show that the price of some meat, fresh fruit and vegetable...

It is starting to feel even more like the 1970s in Britain as the threat of nationwide rail strikes this week amplify the already unsettling feeling stemming from high inflation and slowing economic growth. While there are some important differences ...

A war of words over travel authorisation revenues and the island’s economy continued over the weekend, with the Opposition questioning the Government’s justification for changing how money earmarked for Covid-19 would be used. But a government spokes...

A financial support package for families struggling to deal with increases in the cost of food will be discussed by the Cabinet next week. David Burt, the Premier and Minister of Finance, told MPs that laws passed in 2020 but only being brought int...

It is not difficult to figure out that prices are rising in Bermuda, just as they are in the rest of the world. When a carton of strawberries is in double figures, your morning cup of coffee suddenly costs 50 cents more or airfares for that long-awa...

The labour minister has hit back at criticisms of how the inflation rate is calculated, saying that the Government “stands firmly behind” the methodology used for the Consumer Price Index. Jason Hayward claimed rents, which account for one quarter o...

Cash handouts to poorer households would better help people to manage rising prices than a ‘blunt and costly’ freeze on gasoline prices, says Craig Simmons

The Premier and the Opposition leader have clashed over the escalating cost of living on the island. The war of words began after David Burt, who is also the Minister of Finance, said inflation in Bermuda was lower than other jurisdictions in part be...

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported. The CNS commented that residents of the Cayman Islands have been livin...

About a third of residents feel forced to buy less food and almost a fifth are choosing less healthy options owing to rising prices, says a new survey