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Estimated Gross Domestic Product:
3.8%, Jan - Mar 2022 / Jan - Mar 2021
Gross Domestic Product Actual:
4.0%, Dec 2021
Average Consumer Price Index (CPI):
9.5%, Dec 2022 / Dec 2021
Census Population:
71,105, as of Oct 2021
2021 Life Expectancy at birth:
82.1
2021 Life Expectancy at birth - Male:
80.4
2021 Life Expectancy at birth - Female:
83.7
Estimated Population:
81,546, Year-End December 2022
Unemployment Rate:
2.1%, as at December 2022
Merchandise Imports ($):
17.8% Jul - Sep 2022 / Jul - Sep 2021
Balance of Payments Current Account Deficit % GDP:
13.6% of GDP, Dec 2021
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Home / News / Inflation Rate for the First Quarter of 2014 Reaches 2.3%

Inflation Rate for the First Quarter of 2014 Reaches 2.3%

"Consumer prices in the Cayman Islands marked an overall increase of 2.3 percent"

Consumer prices in the Cayman Islands marked an overall increase of 2.3 percent during the first quarter of 2014 compared to a year ago.

⫿The inflation rate is partly traced to the robust demand in the tourism sector which pushed the average rate of accommodation services by a 27.5 percent,??? noted the Minister for Finance and Economic Development Hon. Marco Archer.

⫿On the other hand, the inflation rate was moderated by a decline in the housing and utilities price index,??? he further stated. Actual rentals fell by 1.1 percent, partly offsetting the rise in average cost of electricity, gas and other fuels (3.7%).


Tags: Cayman Islands, Consumer prices, Inflation Rate