Consumer Price Index: Inflation Increased 0.3%

March 7, 2017

Consumers paid 1.9% more in January 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 0.3 percentage points from the 1.6% measured in December 2016.

The Consumer Price Index report said, “Between December 2016 and January 2017, the average cost of goods and services in the CPI increased by 0.1%. The all-items index increased to 102.2 in January. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $102.20.

“The Education, Recreation, Entertainment & Reading sector was the largest contributor to the year-over-year increase. This sector rose 4.0%, led by increases in local and overseas tuition. In addition, the Health & Personal Care sector and the Rent sector rose 3.3% and 1.4%, respectively.

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

Read More About

Category: All, Business

Comments (1)

Trackback URL | Comments RSS Feed

  1. JUNK YARD DOG says:

    I am tired of being politically correct all the time.

    The people are not happy !
    A life lived in debt is a life half lived !

    When things go right Government pat them selves on the back when things go wrong they change the subject and accountability goes out the window.

    Our politicians are being paid to run the show and if I had my way i would take their check book away.

    $0.85 cents on the dollar goes towards administration, ridiculous taxation is not hurting you, but its killing us,with $24 mill extra for golf.

    We are broke yet we see 0.3% the thin end of the wedge and an imbalance for sure, that’s madness.

    Makes me wonder if the Casino on the hill know what they are doing
    or even care.

    Bermuda is the island of No !
    We need a license or a permit for every thing.
    The more they get the more they spend, where is the value for money.

    The economy changes for the worse ,yet taxation remains the same
    Taxation is not value for money !

    Let me reiterate what many others has said before me,we can not tax our country out debt, simply because there is not enough money here.

    Seniors the greatest asset a country will ever have yet many are sent home.

    A cure its call Jobs

    Eliminate all public holidays
    Efficiency and productivity needs to improve to has failed to 9 pm works
    Shift work, will employ more people after 5.00 pm
    Sundays its business as usual.
    Eliminate all non essential Government vehicles.