March 24,2020
In view of the latest situation concerning the Coronavirus (COVID-19) and to comply with the Government’s directive to close all non-essential businesses; Our office will be closed from March 25th 2020 until further notice. During this closure, we will occasionally be accessing our emails which could result in delayed responses. For general office queries and/or data request please contact The Director, Adolphus Laidlow, at [email protected] or our emergency hotline at 1(345)516-3329. Do your part to save lives. We ask that all persons comply with the curfew and regulations as stated by the Cayman Islands Government. For official information on the Coronavirus visit gov.ky/coronavirus. #stayhomesavelives
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Latest Indicators

Projected Gross Domestic Product:
3.1%, Jan - June 2019 / Jan - June 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
5.7%, 2019 / 2018
Total Population:
68,076, as of Spring 2019
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / Inflation Rate Move up to 4.5% in the First Quarter of 2019

Inflation Rate Move up to 4.5% in the First Quarter of 2019

The Consumer Price Index in Cayman rose by 4.5 percent in the first 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; however, slightly lower than the peak of the second quarter of 2018 (4.8%).

In the first quarter, the highest average price increases in the CPI basket were recorded in housing and utilities (11.1%). Actual rentals paid by tenants observed to rise by 19.7 percent while the imputed rentals for owner occupiers average cost went up by 9.2 percent.

The index for communication moved up by 7.7 percent due to an increase in the average cost of telephone and telefax services (9.0%), while telephone and telefax equipment declined by 4.0 percent on average.

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