February Inflation Down Marginally
Bermuda consumers paid 2.4% more in February 2011 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] — down marginally from the 3.0% inflation rate measured in January.
Between January and February 2012, the average cost of goods and services in the Consumer Price Index advanced 0.1%. The all-items index increased from 118.0 to 118.1 index points in February. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $118.10.
The Health & Personal Care sector was the largest contributor to the twelve-month increase in the Consumer Price Index up 6.9% year-over-year.
The Fuel & Power and Food sectors also impacted strongly on the annual rate of inflation. The rate of price increase for these sectors measured 13.4% and 2.9&, respectively.
The full report is below, click ‘Fullscreen’ for greater clarity:
