Consumer Price Index: Inflation Increased 0.6%

October 20, 2017 | 2 Comments

Consumers paid 2.3% more in August 2017 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation increased 0.6 percentage point from the 1.7% measured in July 2017.

This is according to the latest Consumer Price Index, which said, “Between July 2017 and August 2017, the average cost of goods and services in the CPI increased by 0.1 percent. The all-items index rose to 104.0 in July. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $104.00.

“The Transport & Foreign Travel sector was the largest contributor to the year-over-year increase in August. Increased prices of premium fuels caused this sector to rise 7.7%. In addition, the Fuel & Power sector and the Food sector rose 9.8% and 2.7%, respectively.”

The full August 2017 Consumer Price Index follows below [PDF here]:

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Comments (2)

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  1. Honestly says:

    Everything goes up except my paycheck!

  2. JUNK YARD DOG says:

    Bermuda is one of the most expensive destinations on the planet and you wonder why people don’t come here to stay, you can advertise all you want ,the botton line is ” what is this going to cost me”?

    OVER HEADS.

    Profit margins.
    Big salaries.
    Low productivity.
    Excessive Sick days.
    Time of work.
    Lengthy public holidays.
    Taxation.
    National debt.
    Private debt .
    Waste.
    Fraud.
    Swinging the lead.
    Over staffing.
    Automization.
    Poor Money management.
    No narional merchandise.
    Short work days.
    High medical expenses.
    Extravigant Life style.
    Life of Riley.
    Prison expences.
    Social programs.
    Crime.
    Infrastructure repair.

    We were lucky we did not get a # 5 hurricane.
    Bermuda is on the short end of the string.

    The list is endless and until Bermuda learns to become more efficient and export less money for junk and learns to manage timed money and reduce taxes i don’t see much hope.

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