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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 / Inflation Rate Move up to 3.4% in the Second Quarter of 2019

Inflation Rate Move up to 3.4% in the Second Quarter of 2019

The Consumer Price Index in Cayman rose by 3.4 percent in the second quarter of 2019 compared to the same period in 2018. Most of the CPI divisions recorded increases except Transport and Miscellaneous Good and Services.  This represents an increase in the inflation rate; albeit, lower than the peak of the second quarter of 2018 (4.8%).

In the second quarter, the highest average price increase in the CPI basket was recorded in the index for the division recreation and culture (11.5%). This was due mainly to an increase in the average cost of recreation and sporting services (44.0%), and a rise in package holidays (abroad) by 23.0 percent on average.

The index for housing and utilities moved up by 10.4 percent. Actual rentals paid by tenants observed rose by 19.3 percent while the imputed rentals for owner occupiers average cost increased by 12.9 percent.

More information from the Cayman Islands’ Consumer Price Index Report: June 2019 may be downloaded from www.eso.ky