September 16,2019
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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 / 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