June 22,2020
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Latest Indicators

Projected Gross Domestic Product:
3.4%, Jan - Sept 2019 / Jan - Sept 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
3.0%, Mar 2020 / Mar 2019
Total Population:
69,914, as of Fall 2019
Unemployment Rate:
3.5%, as at Fall 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 Moved up 6.0% in the Third Quarter of 2019

Inflation Rate Moved up 6.0% in the Third Quarter of 2019

The Consumer Price Index (CPI) rose by 6.0 percent in the third quarter of 2019 compared to the same period in 2018. All twelve CPI divisions recorded increases.

In the third quarter of 2019, the division housing and utilities recorded the highest average price increase in the CPI basket (10.6%). This was due mainly to the rise in the average cost of actual rentals paid by tenants, which rose by 19.7 percent while the imputed rents for owner-occupiers average cost increased by 12.9 percent.

The index for recreation and culture moved up by 7.3 percent. The main contributors to this increase were recreation and sporting services up by 41.4 percent, games, toys and hobbies up by 19.2 percent, and pets and related products up by 12.1 percent.

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