Site Help?

Latest Indicators

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:
2021 Life Expectancy at birth - Male:
2021 Life Expectancy at birth - Female:
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
Home / News / Consumer Prices rose sharply by 6.4 percent in September 2021

Consumer Prices rose sharply by 6.4 percent in September 2021

The Consumer Price Index (CPI) increased by 6.4 percent in the third quarter of 2021 compared to the same period in 2020. All twelve CPI divisions recorded increased average prices.

The division housing and utilities recorded the largest average price increase of 10.1 percent. This was due mainly to the rise in the index for imputed rentals for owner-occupiers which went up by 8.6 percent, actual rentals paid by tenants, which increased by 2.0 percent, electricity which rose by 31.2 percent, and water supply up by 15.9 percent. Materials for the maintenance and repair of the dwelling increased by 13.0 percent.

The communication index rose by 7.9 percent, as telephone and telefax services had an upward movement of 6.7 percent, while the index for telephone and telefax equipment decreased by 0.6 percent.

The index for recreation and culture moved up by 7.0 percent in the third quarter of 2021. The main contributors to this increase were a 49.8 percent increase in the cost of package holidays (abroad), an 11.0 percent increase in pets and related products, and a 10.3 percent incline in the index for major durables for outdoor recreation.

Comparing the third quarter of 2021 and the previous quarter indicates that the CPI rose by 5.6 percent. The most significant movers were the average cost of housing and utilities, which increased by 10.8 percent, recreation and culture moved by 6.4 percent, and communication rose by 60 percent.

More information from the Cayman Islands’ Consumer Price Index Report: July to September  2021