Topic: Inflation

The average price of goods and services in Cayman increased by 3.5 percent in the third quarter of 2018 over Q3 of 2017, according to recently released data from the Economics and Statistics Office.

Buoyed by growth in tourism and construction and an unprecedented number of new company registrations, the Cayman Islands Gross Domestic Product grew by 4 percent in the early part of 2018.

The number of Caymanian families receiving help with food and rent payments from government rose sharply in 2017, according to the government’s latest Compendium of Statistics.

Cayman’s inflation rate hit 3.2 percent in the first quarter of this year, compared to prices from the first quarter of 2017, according to a recently released report from the Economics and Statistics Office.

A capital gains tax, in effect, raises the risk and price of the investment, resulting in lower investment and slower growth and job creation.

Average prices in the Cayman Islands went up by 1.9 percent last year, according to the consumer price index for 2017. The latest CPI report by the Economics and Statistics Office shows that prices increased in all four quarters ranging from 1.4 percent to 2.8 percent.

The average price of goods and services in Cayman increased by 1.4 percent in the third quarter of this year over Q3 of 2016, according to recently released data from the Economics and Statistics Office.

 In sum, monetary policy as we have known it is broken and is unlikely to be put back together again in a satisfactory way.

The average cost of goods and services in Cayman has increased by 1.7 percent in the first quarter of this year, the fastest rate in three years. The main drivers of inflation in the consumer price index were the restaurant and hotels category.