Marginal Increase In Inflation Rate

March 7, 2012

Inflation inched up in January, with Bermuda consumers paying three per cent more than they did a year earlier for the basket of goods and services measured in the island’s Consumer Price Index [CPI].

The inflation rate increased 0.1 per cent from the 2.9 per cent measured in December 2011.

The Health & Personal Care sector remained the largest contributor to the twelve-month rate of price increase. The annual increase to January 2012 was 6.9 per cent.

The Food and Fuel & Power sectors also impacted strongly on the annual rate of inflation. Price shifts in these two sectors were 3.8 and 13.4 per cent, respectively.

The full report is below, click ‘Fullscreen’ for greater clarity:

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Category: All, Business