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Latest Indicators

Estimated Gross Domestic Product:
8.2%, Jan - Sept 2020 / Jan - Sept 2019
Gross Domestic Product Actual:
6.7%, Dec 2020 / Dec 2019
Average Consumer Price Index (CPI):
1.0%, March 2021 / March 2020
Total Population:
65,786, as of Fall 2020
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
2.4% Jan - Mar 2021 / Jan - Mar 2020
Balance of Payments Current Account Deficit % GDP:
18.3% of GDP, Dec 2019
Census Portal - [ESO Staff Only]
Home / News / Average Inflation Rate Up by 1.3% in 2014

Average Inflation Rate Up by 1.3% in 2014

"The Consumer Price Index (CPI) recorded an average annual inflation rate of 1.3 percent."

The Consumer Price Index (CPI) recorded an average annual inflation rate of 1.3 percent. This is based on results of the four quarterly Consumer Price Index Surveys produced by the Economics and Statistics Office last year.

⫿I am pleased to note that although indicators show an upswing in local economic activity, the inflation rate remains moderate,??? stated the Minister for Finance and Economic Development, Honourable Marco Archer. ⫿This is lower than the 2.2 percent average inflation rate recorded in 2013,??? he further noted.

A number of major items contributed to the increase in the CPI, led by household equipment (7.4%). This category includes services for routine household maintenance such as residential housework, baby-sitting, and fumigation services. In contrast, the price index for housing and utilities recorded a 1.6 percent decline.