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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
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Home / News / Consumer Price Index Continued to Decline in the Second Quarter

Consumer Price Index Continued to Decline in the Second Quarter

"The Consumer Price Index (CPI) fell anew in the second quarter, this time by 3.6 percent."

The Consumer Price Index (CPI) fell anew in the second quarter, this time by 3.6 percent. In the first quarter, the CPI slid by 0.4 percent.

 

“Similar to the first quarter, the second quarter decline is traced primarily to the reduction in fuel prices this year compared to a year ago” stated the Minister for Finance and Economic Development, Honourable Marco Archer.  

 

The price index for electricity, gas and other fuels fell sharply by 25.7 percent during the quarter over the same quarter in 2014. The index for water supply and miscellaneous services also moved downward by 10.3 percent.

 

The decline in fuel prices also drove down the transport price index by 7.6 percent.