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Home / News / 2011 Annual CPI Report

2011 Annual CPI Report

"The Consumer Price Index (CPI) for the quarter ending December 2011 increased by 1.9 percent compared to the quarter ending December 2010."

The Consumer Price Index (CPI) for the quarter ending December 2011 increased by 1.9 percent compared to the quarter ending December 2010.

⫿The modest increase in the local CPI was due mainly to sharp movements in the price of transportation triggered by oil price changes??? noted the Hon. Premier and Minister of Finance, Mr. McKeeva Bush.

The December 2011 CPI brings the overall inflation rate for the year 2011 to 1.3 percent. The inflation rates in previous quarters gradually rose from .03 percent in March 2011 to 1.0 percent in June 2011 and 2.4 percent in September 2011.