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Latest Indicators

Estimated Gross Domestic Product:
8.2%, Jan - Sept 2020 / Jan - Sept 2019
Gross Domestic Product Actual:
6.7%, Dec 2020 / Dec 2019
Average Consumer Price Index (CPI):
1.0%, March 2021 / March 2020
Total Population:
65,786, as of Fall 2020
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
2.4% Jan - Mar 2021 / Jan - Mar 2020
Balance of Payments Current Account Deficit % GDP:
18.3% of GDP, Dec 2019
Census Portal - [ESO Staff Only]
Home / News / CPI Posts Increase in the Second Quarter

CPI Posts Increase in the Second Quarter

"The Consumer Price Index (CPI) for the quarter ending June 2013 increased by 2.7 percent compared to the quarter ending June 2012."

The Consumer Price Index (CPI) for the quarter ending June 2013 increased by 2.7 percent compared to the quarter ending June 2012.

⫿This inflation rate is not unexpected as higher charges for items such as health insurance and tertiary education were implemented during the period,??? stated the Hon. Minister of Finance and Economic Development, Mr. Marco Archer. Health insurance premiums were adjusted upwards as a result of expanded benefits while higher tertiary education fees were charged to non-Caymanian students.

The price index for alcohol and tobacco also increased by 13.3 percent, a result mainly of higher duty on tobacco in effect from September 2012.

In contrast, there was a decline in the price index for housing and utilities as actual rentals were lower on average during the period compared to a year ago.



Tags: Consumer Price Index, CPI, Cayman Islands, price index for alcohol, price index for housing