Consumer Price Index: Inflation Increased 0.2%

October 3, 2014

Consumers paid 2.1 per cent more in August 2014 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation increased 0.2 percentage points from the 1.9 per cent measured in July 2014.

Between July and August 2014, the average cost of goods and services in the Consumer Price Index increased 0.3 per cent. The all-items index increased to 124.7 index points in August. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $124.70.

The Health & Personal Care sector remained the largest contributor to the twelve-month rate of price increase. The annual increase in August 2014 measured 5.9 per cent.

The Food and Transport & Vehicle sectors also impacted strongly on the annual rate of inflation. Price shifts in these two sectors were 3.3 per cent and 2.3 per cent, respectively.

The full August 2014 Consumer Price Index is below [PDF here]:

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Comments (4)

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  1. JUNK YARD DOG says:

    Is any body doing any thing to reduce the cost of living.

    • JUNK YARD DOG says:

      From viewing CITV , A correction. THE DOG WAS BARKING UP THE WRONG TREE.

      Apparently A Farmer from Devonshire and a Farmer from Southampton are both eager to give instruction to any one who would be interested in growing their own vegetables.Start with the easy stuff first.

      “You can save a ton of dollars”. Stop Animalbalismm.

      May be Agg and Fish could set an example and grow cabbages at Crow lane and Trimingham hill roundabouts .

      It is often said, its just talk ! ,that Bermuda needs to re invent it self.

      One thing the recent events of the past few years has taught us,it is the value of a dollar.

      Just think about it .If our neighbor prints money! WHAT IF !

      Many of our people including our qualified seniors possess virtually every” talent on the planet” and can teach and / or hold classes on TV on a variety of skills the list is endless, for example : How to manage money !

      That would get rid of Criminal programing classes.

      Who would reinstate Z.F.B. as an educational Media. THE SENIORS could run the show.

  2. Kunta says:

    Yup and job losses are on de increase, wages frozen, furlough days, and de shady proposals O.B.A/ubp are trying to implement, perfect recipe for Island wide shut down.
    Vote for jobs
    Vote for change
    Bamboozled !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    • Creamy says:

      Yet a proposal last week to reduce the cost of healthcare was met with derision because it would “only save 2%”.