September 16,2019
Upcoming Reports: 2nd Quarter CPI; 1st Quarter Economic Report; 2nd Quarter Trade Bulletin
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Latest Indicators

Projected Gross Domestic Product:
3.3%, 2018 / 2017
Gross Domestic Product Actual:
3.0%, Dec 2017 / Dec 2016
First Quarter Consumer Price Index (CPI):
4.5 %, March 2019 / March 2018
Total Population:
65,813, as of Fall 2018
Unemployment Rate:
2.8%, as at Fall 2018
Merchandise Imports ($):
11.2% March 2019 / March 2018
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017
Home / News / Consumer Price Index Increased by 2.2% in the Second Quarter

Consumer Price Index Increased by 2.2% in the Second Quarter

The average prices of goods and services in the Cayman Islands, as estimated by the Consumer Price Index (CPI), increased by 2.2% in the second quarter of 2017 compared to the same period in 2016.

The largest contributor to the increase in the CPI was the 7.9% rise in the price index for restaurants and hotels. In particular, accommodation services had a significant increase of 14.5% in the second quarter over the same quarter in 2016. Average prices of catering services also went up by 7.2%.

There was also an upward movement in clothing and footwear by 5.9 percent and housing and utilities by 4.0 percent.

Food prices were higher by 2.2 percent during the quarter compared to the same quarter in 2016.  The food classes comprising of milk, cheese and egg and fruits had the highest increase of 6.8 percent.