Topic: consumer price index
Consumer Price Index survey of residents in rental housing under way
The Economics and Statistics Office started a survey on Tuesday, 24th Feb., which aims to collect data from residents of the Cayman Islands who live in rental properties.
Inflation up despite utility bill drop
The latest inflation numbers were mostly bad news for Cayman’s consumers, with prices across the island still rising.
Consumer prices up slightly in second quarter
Inflation in Cayman ticked up slightly in the second quarter on rising costs in communications and education, according to the latest data from the Economics and Statistics Office.
Rise in education costs fuel inflation in first quarter
Spikes in costs across all levels of education pushed up Cayman's inflation rate during the first quarter of the year, according to the latest data from the Economics and Statistics Office.
Furniture, fuel, and transport costs drive inflation in 2023
Shoppers had to dig deeper into their pockets for household furnishings and food last year, as costs of these and other items drove the average consumer price index 3.8% higher than in 2022.
Fuel prices rose by nearly 30% in 2022
Inflation in the Cayman Islands hit record levels in 2022, with core inflation peaking at 7.4% and consumer prices rising to a historic high of 9.5%, based on data released by the Economic and Statistics Office.
Inflation drops to 4.1% in second quarter of 2023
Consumer prices in the Cayman Islands during the second quarter of 2023 were 4.1% more than the same period in 2022.
Inflation still high at 6.6% for first quarter
Consumer prices rose again in the Cayman Islands during the first quarter of 2023 to 6.6% more than the same period in 2022 and 2.1% more than last quarter.
Consumer prices up 9.2% in the third quarter of 2022
The Cayman Islands consumer price index (CPI) increased by 9.2% in the third quarter of 2022, compared to a year earlier.
Record inflation of 12.1% rocks consumers in the second quarter
The cost-of-living crisis continues unabated as consumer prices increased on average by 12.1% between April and June compared to the same period last year.
Consumers hit by 11.2% overall price increase in 2022
Higher utility and housing costs have pushed up consumer prices by 11.2% in the first quarter of this year.
Rampant inflation of 7.6% at the end of 2021
Cayman Islands residents saw average price increases of 7.6% in the final quarter of last year compared to the same period in 2020.
US inflation to impact Cayman’s consumer prices
US consumer prices, a bellwether for prices in Cayman, increased by 7% in December 2021 from a year earlier.
Annual inflation up 6.2% last quarter
Consumer price inflation returned to the islands with a vengeance in the third quarter, after one year of flat or falling overall prices.
The Economics and Statistics Office reported that consumer prices increased by 6.4% on average, compared to the same period a year ago.
Consumer prices drop by 1% in first quarter
The 5.1% drop in the cost of housing and utilities in the first quarter of 2021 has led to a 1% decrease in consumer prices over the same period one year ago.
Consumer prices 1% higher in 2020
Cayman’s consumers faced an overall inflation rate of 1% in 2020, after consumer prices declined by 0.7% in the final quarter of 2020.
Consumer prices up 1% in the second quarter
Consumer prices increased by 1% in the second quarter of the year compared to the same period in 2019, as higher food and drinks prices were mostly offset by lower fuel and transportation costs.
CUC defers price increase to 2021
CUC announced that it will push back a 6.6% price increase until next year.
Consumer prices increase for first time since 2014
Rent in Cayman is higher this year, and so are school fees. The cost of hotels, restaurants, recreational activities and phone service all went up.
Deflation continues: Prices down 0.8 percent in 2nd quarter
Consumer prices in the Cayman Islands have fallen for the past 18 months. The Consumer Price Index, which measures prices changes for a select basket of goods and services, dropped 0.8 percent in the second quarter compared to the same period in 2015.
Report: Deflation continues for fifth straight quarter
The consumer price index continued to fall for the first quarter of 2016, according to the most recent economic measures from the Economics and Statistics Office.
