Comments on: August Consumer Price Index Report Released

By: Jonathan Land Evans

Jonathan Land Evans — Fri, 02 Nov 2018 19:14:51 +0000

While in theory a low level of inflation is a very good thing, in the modern world, where inflation has for so long been the norm, a rate of inflation that is dwindling towards zero might also be said to be a harbinger of economic recession. Unlike most countries I believe, Bermuda has never emerged very convincingly from the Great Recession. Clearly our economic troubles of recent times have a high proportion of ‘made in Bermuda’ to them. The high cost of public administration will certainly be a problem if our economy were to weaken further.

By: Pea ell pea

Pea ell pea — Fri, 02 Nov 2018 18:34:47 +0000

I think the low inflation rate is the nearest thing to a decent economic indicator in months!

By: red rose

red rose — Fri, 02 Nov 2018 18:23:34 +0000

Wonder if he’ll comment when inflation hits new highs when the effects of the sugar tax hit.

By: Not exactly

Not exactly — Fri, 02 Nov 2018 18:17:49 +0000

Good grief! PLP is really grasping at straws to find a “positive” economic sign.

By: ace bie

ace bie — Fri, 02 Nov 2018 18:12:10 +0000

So this is what Walton is reduced to … perhaps he would also like to explain in detail how the economic conditions are improving? Does he believe that tanking business confidence, new taxes, increased health care costs and a fall in employment income are examples of improving economic conditions?

By: DeOnion

DeOnion — Fri, 02 Nov 2018 18:08:20 +0000

Since when have Ministers ever commented on these reports?