March 24,2020
In view of the latest situation concerning the Coronavirus (COVID-19) and to comply with the Government’s directive to close all non-essential businesses; Our office will be closed from March 25th 2020 until further notice. During this closure, we will occasionally be accessing our emails which could result in delayed responses. For general office queries and/or data request please contact The Director, Adolphus Laidlow, at [email protected].ky or our emergency hotline at 1(345)516-3329. Do your part to save lives. We ask that all persons comply with the curfew and regulations as stated by the Cayman Islands Government. For official information on the Coronavirus visit gov.ky/coronavirus. #stayhomesavelives
More News

Site Help?

Latest Indicators

Projected Gross Domestic Product:
3.1%, Jan - June 2019 / Jan - June 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
5.7%, 2019 / 2018
Total Population:
68,076, as of Spring 2019
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / 2012 Inflation Rate Recorded at 1.2%

2012 Inflation Rate Recorded at 1.2%

"The average inflation rate in 2012 was recorded at 1.2 percent."

The average inflation rate in 2012 was recorded at 1.2 percent. This is based on the results of the four quarterly Consumer Price Index surveys produced by ESO last year.

⫿Underlying the modest increase were upward changes in most divisions of the CPI basket,??? noted the Hon. Premier and Minister of Finance, Mrs. Juliana O’Connor-Connolly.

Among the CPI divisions with the highest price movements were clothing and footwear (up by 6.6%), food and non-alcoholic beverages (up by 4.2%), and alcohol and tobacco (up by 3.8%).

For the fourth quarter alone, the CPI rose by 2.1 percent compared to the same quarter in 2011. This increase is traced to nine divisions led by alcohol and tobacco (13.7%), clothing and footwear (8.3%), miscellaneous goods and services (4.4%), and food and non-alcoholic beverages (3.7%). A sharp increase (50.6%) was noted for the tobacco price index alone resulting from a higher duty effective September 2012.