October 2021 Consumer Price Index Report

February 11, 2022 | 3 Comments

Consumers paid 2.5% more in October than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].

A Government spokesperson said, “The Ministry for the Cabinet Office released the October 2021 Consumer Price Index [CPI]. In summary, during October 2021 consumers paid 2.5% more than they did in October 2020 for a basket of goods and services.

“At a glance, on average, the Food sector rose 0.2 % for October. The main items contributing to the increase were imported lettuce [+6.0%], green peppers [+4.3 %] and eggs [+3.1 %].

“The Transport & Foreign Travel sector continued to be the largest contributor to the 12-month increase in the CPI [+13.9%].

“On average, annual increases were reported in the cost of overseas hotel accommodations [+35.4%] and airfares [+28.6%]. Premium fuel and mixed fuel prices rose 16.5% and 15.3%, respectively.

“The Education, Recreation, Entertainment & Reading (+2.1%) and Health & Personal Care [+1.7%] sectors also impacted on the annual inflation rate.

“Between September 2021 and October 2021, the average cost of goods and services increased 0.6%.

“Additional areas of note in the October 2021 CPI can be found in the attachment or online report at https://www.gov.bm/bermuda-business-statistics

“*Note: Each month the Government measures the annual rate of inflation and the monthly rate of inflation. Annual changes reflect changes from the same month last year. Monthly changes reflect changes from month to month.”

The full October 2021 Consumer Price Index follows below [PDF here]:

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Comments (3)

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  1. Unknown800k says:

    Well done Mr govt who said we are going to make it reasonable to live here and lower prices. Hows that going ,well done 30-6

  2. Ringmaster says:

    A waste of time and money. Time to shut down that Department and create a new and efficient means of calculating inflation. How can Bermuda’s number be so much lower than say the US when pretty much everything is imported? It seems even the Minister who used to announce the report has given up.

  3. Question says:

    Inflation is up around 20%+ down here for us ordinary people.

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