Tenderloin, Fruit Juices, Cantaloupe Prices Up

August 15, 2022 | 19 Comments

The cost of tenderloin went up 18.4%, fruit juices went up 10.8% and the cost of baby food went up 9.4% on a year to year basis, while on a month to month basis, the cost of cantaloupes increased by 20.7% and  dry breakfast cereals went up 4%.

This is according to the recently released May Consumer Price Index which said that on an overall month to month basis the food sector moved up 0.8% in May, while an annual basic food sector prices climbed 6.4%.

As far as all products, not just food, the report said that “consumers paid 3.7% more in May than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]” noting “this marked the highest recorded level of inflation since December 2007.”

As far as year to year food prices, the report said, “Food sector prices climbed 6.4 per cent annually. Notable increases were reported in the cost of tenderloin [+18.4 per cent], frozen entrees [+11.4 per cent], fruit juices [+10.8 per cent] and baby food [+9.4 per cent].”

Looking at food prices on a month to month basis, the report said, “The Food sector moved up 0.8 per cent in May. Increases were reported in the average cost of cantaloupes [+20.7 per cent], fruit juices [+6.2 per cent], dry breakfast cereals [+4.0 per cent] and soft drinks [+1.6 per cent].”

Bermuda imports most food products, and according to the U.S. Bureau of Labor Statistics, for the year ended April 2022, prices for food at home in the United States “increased 10.8%, the largest 12-month percentage increase since the period ending November 1980.”

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Comments (19)

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  1. Ringmaster says:

    Lucky for seniors the PLP doesn’t expect you to dine of the finer foods, just the cheap cuts, and rotten fruit, because the 2.75% pension increase won’t help, especially after the 6% increase, $30, in Future Care premiums last year. Yet they say inflation is 2.5%. The increase in Future Care premiums itself is more than the pension increase, yet no outcry. No wonder the PLP isn’t interested in improving education. Amazing what a couple of LED light bulbs, and tea and cookies with the Minister, can do.

    • Mags says:

      What 2.75% increase, the pension increase for seniors has not materialized as yet, especially since there was this huge announcement back in June. Now with all the increases in food it’s difficult to eat regular food leave out fruits & vegetables or anything healthy which is triple the cost it was last year.

      • Joe Bloggs says:

        “it’s difficult to eat regular food leave out fruits & vegetables or anything healthy which is triple the cost it was last year”

        No, it’s not. The inflation rate in Bermuda is only 3.7%. Less than one-half the inflation rate in the United States, the United Kingdom or Canada.

        See https://bernews.com/2022/08/may-2022-consumer-price-index-released/

        • trufth says:

          3.7% riiiiight….. so this is why Americans, Canadians and people from the UK are flocking here filling up their return luggage with cheap products that they can get cheaper here than at home. Rolls eyes.

          • Burtcoin says:

            You mean people that can already afford it. Because my wag3 sure as hell doesn’t go up with inflation now does it??? So please just stop it simply more money going out than coming in!

          • Dejavu says:

            That’s literally never ever happened in the history of bermuda, you must be being sarcastic. No one comes to bermuda to shop are you serious

            • saud says:

              Are you seriously questioning if this is sarcasm?
              You embarrass yourself.

    • Hmm says:

      If I was you I would focus less on the PLP and try to help the idiots in oba win another 8 seats opps I mean 6.

      • Tucker says:

        Why? Are you happy with the PLP? Are you richer than you were under the OBA?
        If you are, you’ve probably got your fingers in the till, like the rest of them. LOL

  2. Triangle Drifter says:

    Yup,all of that looks about right. It averages out to about 2.5%

  3. Dejavu says:

    Here’s a crazy thought how about our so called farmers and fisherman lower their prices. Because they charge the same as the store but the store imports their products so the price increases make sense. There’s no excuse why our farmers and fisherman charge as much as they do. Also why is there no meat farms and the one’s that are around charge the same as the stores. It’s not a government problem it’s a common sense problem. Don’t support local farmers or fisherman because they don’t support bermuda. Also you would have to be quite wealthy to own either so that also shows how much money these people are making off of bermudians. They are laughing to the bank while you idiots complain about government ???? they make 6 figures a year they don’t have the same issues as regular bermudians

  4. Joe Bloggs says:

    “Consumers paid 3.7% more in May than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]”

    Yes, folks, the PLP Government has kept inflation in Bermuda at only 3.7%, less than half the inflation of the United States, the United Kingdom or Canada.

    • saud says:

      Because they lie, and most born, true bermudians love being lied to.

      • Sickindehead says:

        Agree. If they believe that inflation is only 3.7% then I have a bridge in Somerset for sale, real cheap!

  5. Tucker says:

    “They are laughing to the bank while you idiots complain about government ????”

    Only an idiot would post that. Get a clue.

    • Dejavu says:

      You must be a fisherman or farmer lol, explain why do you charge so much for doing nothing? If I made such a dumb comment, so dumb that you didn’t even know how to reply to it

      • tucker says:

        You must be a drug dealer or wall sitter….your education level reveals you to be nothing more than a racist fool…you’re not worth much time.

      • WHAT says:

        I’m an engineer, I own your poor, uneducated, wall sitting a$$. LMFAO

  6. Southampton Resident says:

    Dunkley’s imported eggs $7.50 a dozen yesterday in Lindo’s. Last month, eggs were $3.50 a dozen.

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