Comments on: Consumer Price Index: Inflation Decreased 0.7% https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/ Bermuda's #1 source for 24/7 breaking news, photos & videos Fri, 15 May 2026 20:10:18 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Joe Bloggs https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/#comment-5189321 Fri, 13 Dec 2019 13:11:54 +0000 http://bernews.com/?p=941155#comment-5189321 The PLP Government would love to include house prices in the calculation. Unfortunately, the calculation would then be meaningless from an economic and statistical perspective.

House prices in Bermuda have been stagnant or falling for years. People in Bermuda have borrowed to buy a house and now it is worth less than the mortgage because of the fall in value of property in Bermuda.

In all the time since 1945, property values in Bermuda never fell that I am aware of until 2008.

]]> By: jon lee https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/#comment-5188057 Wed, 11 Dec 2019 20:58:07 +0000 http://bernews.com/?p=941155#comment-5188057 Housing prices should be in equation and if so, we are and have been in hyper inflation for many year. This Wall Street fake news to to prolong low interests rate which has been disaster for today’s many ills including homelessness and high home prices.

]]> By: Joe Bloggs https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/#comment-5187942 Wed, 11 Dec 2019 17:05:08 +0000 http://bernews.com/?p=941155#comment-5187942 “Consumers paid 0.8% more in September 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]”

No comment from Minister Furbert on how good this news is for Bermuda?

]]> By: Onion https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/#comment-5187928 Wed, 11 Dec 2019 16:37:05 +0000 http://bernews.com/?p=941155#comment-5187928 Recession = retailers cutting prices to stay relevant.

]]> By: Things a Gwan https://bernews.com/2019/12/consumer-price-index-inflation-decreased-0-7/#comment-5187883 Wed, 11 Dec 2019 15:00:15 +0000 http://bernews.com/?p=941155#comment-5187883 Not sure where they are shopping? I guess none of the items in that basket contained sugar?

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