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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
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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