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Latest Indicators

Estimated Gross Domestic Product:
1.7%, Jan - Sept 2021 / Jan - Sept 2020
Gross Domestic Product Actual:
5.7%, Dec 2020
Average Consumer Price Index (CPI):
7.6%, Dec 2021 / Dec 2020
Preliminary Census Population:
69,656, as of Fall 2021
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
16.7% Jan - Mar 2022 / Jan - Mar 2021
Balance of Payments Current Account Deficit % GDP:
18.0% of GDP, Dec 2020
Census Portal - [ESO Staff Only]
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.