Consumer Price Index: Inflation Dropped 0.5%

October 17, 2015

Consumers paid 1.4 per cent more in August 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.5 percentage points from the 1.9 per cent measured in July 2015.

The report said, “Between July 2015 and August 2015, the average cost of goods and services in the Consumer Price Index fell 0.2 per cent. The all-items index dropped to 100.4 index points in August. This means that the basket of goods and services that cost $100.00 in April 2015 now cost $100.40.

“The Fuel & Power sector was the largest contributor to the year-over-year decrease in August 2015, falling 10.5 per cent. The major driver in this sector was the cost of electricity.

“The Transport & Foreign Travel sector also had a large impact in the year-over-year decrease. Price shifts in this sector dropped 1.6 per cent.”

The full August 2015 Consumer Price Index follows below [PDF here]:

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Category: All, Business

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  1. Jim says:

    Local employed residents are more likely to fix our economy. Expats workers don’t invest much in Bermuda. Which nationals are more to be hired for work in Bermuda.? Let’s look at the numbers, are they dining in our restaurants , are they shopping in our retail stores , are they even paying taxes, how many members living in a house.