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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:
82.1
2021 Life Expectancy at birth - Male:
80.4
2021 Life Expectancy at birth - Female:
83.7
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
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Home / News / CPI Posts Benign Increase in the First Quarter

CPI Posts Benign Increase in the First Quarter

"The Consumer Price Index (CPI) for the quarter ending March 2013 increased by 1.4 percent compared to the quarter ending March 2012."

The Consumer Price Index (CPI) for the quarter ending March 2013 increased by 1.4 percent compared to the quarter ending March 2012.

⫿Despite higher prices for some consumer items, the overall inflation rate in the first quarter was benign due to a decline in the housing and utilities price index,??? noted the Minister for Finance and Economic Development Hon. Marco Archer. Actual rentals and imputed rentals for owner-occupied housing were lower in the first quarter of 2013 compared to the same period in 2012.

Significant price movements were recorded for alcohol and tobacco (14.0%), clothing and footwear (8.3%), household equipment (7.0%) and food & non-alcoholic beverages (3.3%). The sharp inflation for alcohol and tobacco is related to higher duty on tobacco in effect from September 2012.