December Inflation Down Marginally
Bermuda residents paid 2.9 per cent more in December, 2011 than they did a year earlier for the basket of goods and services included in the Consumer Price Index [CPI] — down marginally from the 3.1 per cent inflation rate measured in November.
Between November and December 2011, the average cost of goods and services in the CPI fell 0.2 per cent and the all-items index declined from 118.2 in November to 117.9. This means the basket of goods and services that cost $100.00 in April 2006 now cost $117.90.
The Health & Personal Care sector was the largest contributor to the overall 2011 inflation rate, up 7.0 per cent.
The full report is below, click ‘Fullscreen’ for greater clarity:
From what I heard, just about every store in Hamilton had a sale on, and many still have discounts from December. No real drop in inflation.
Wonder how much the drop in real estate & rentals figured into the low inflation rate?
Why are you asking? The information is in the report. Evidently, it had little to no impact…