A New Consumer Price Index Basket for the Cayman Islands

The task of compiling a new Consumer Price Index (CPI) “basket” was recently completed. The basket consists of consumer goods and services that are monitored regularly to measure the general consumer price level and inflation rate in the Cayman Islands. The basket was compiled through a very thorough data collection process starting with the Household Budget Survey 2023, a follow-up survey of providers since the third and fourth quarters of 2024, and a validation process in 2025.

The new basket is presented in the report “Cayman Islands’ 2025 Consumer Price Index Basket Report,” released by the Economics and Statistics Office.

The 2025 CPI basket is expected to result in more accurate CPI inflation statistics, as it replaces the 2016 CPI basket currently in use.

CPI statistics are commonly used in the review of pensions, electricity rates and cost-of-living adjustments (COLA).

More information from the Cayman Islands’ 2025 Consumer Price Index Basket Report may be downloaded from www.eso.ky