March 24,2020
In view of the latest situation concerning COVID-19 and to comply with the Government’s directive announced on March 24th: Our office will be closed from March 25th 2020 and will reopen April 6th 2020. During this closure, we will occasionally be accessing our emails which could result in delayed responses. Sorry for the inconvenience this closure may cause. Please continue to check this space for further updates.
More News

Site Help?

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 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