September 16,2019
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Latest Indicators

Projected Gross Domestic Product:
3.0%, Mar 2019 / Mar 2018
Gross Domestic Product Actual:
3.0%, Dec 2017 / Dec 2016
Consumer Price Index (CPI):
3.4 %, June 2019 / June 2018
Total Population:
68,076, as of Spring 2019
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
10.4% June2019 / June2018
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017
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.