October Consumer Price Index: Inflation 1.1%
Consumers paid 1.1% more in October 2024 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].
A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ October 2024 Consumer Price Index.
“In summary, consumers paid 1.1 per cent more in October 2024 than a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. This level of inflation decreased 0.7 percentage points from the September 2024 annual inflation rate. Some highlights for October 2023 to October 2024 include:
- The Rent division increased 2.0 per cent.
- The Health & Personal Care division increased 3.3 per cent.
- The Food division increased 2.8 per cent.
- The Education, Recreation, Entertainment & Reading division increased 1.5 per cent.
- The Household Goods, Services & Supplies division rose 1.5 per cent.
“Between September 2024 and October 2024, the average cost of goods and services increased 0.1 per cent. Additional areas of note between September 2024 and October 2024 were as follows:
- The Health & Personal Care division increased 0.2 per cent.
- The Transport & Foreign Travel division rose 0.3 per cent.
- The Rent division increased 0.1 per cent.
- The Household Goods, Services & Supplies division increased 0.1 per cent.
The full October 2024 Consumer Price Index follows below [PDF here]:
More Lies. Inflation is around 3% to 5%.
Peoples pay increased to keep in line with inflation are linked to these statistics. Meaning the PLP are causing people to be poorer by not releasing true inflation numbers.
If your pay changes by 1.1% but costs of goods go up by 5% then you are 3.9% poorer because of these numbers.
Change the statical measure to reflect reality, am sick of the PLP making us workers poorer with their statistical lies.
WE NEED A STABLE BERMUDA.
BERMUDA IS NO A TOURIST TRAP.
Have you not caught on yet .
It would not be realistic for the PLP to be milleading the public astray that would only hurt them selves .
They know it ,as we do, we need a stable economy failing that contractual bidding and price changes behind our backs and behind theirs , all turns into turmoil , and that serves no practical purpose or helps nobody.
By the way any well founded party does not lie.
It is usually one two or more people with in the party say for perspnal reasons asyou may do the same to keep your high paying job.
We are getting that now from the potential incombents singing the song of our domestic problems .
Do they not know what the bigger picture is ?
We get little thing from little ideas !
Who spins the spin and who are all singing the same song.
” DING DINGY One little pot hole “. ” DING DINGY Two little pot holes “.
Those lot terrify me . They are a bunch of disgrunted people, wait till $ 3 billion + slapts them in the face with a wake up call.
Why do they not have at least one COMMON GOAL. M O N E Y. Foreign exchange.
Not one incombent come with a brillant idea or they are not telling keeping us in the dark or dangeling us on the end of a string .
PRICES
Prices went up some time ago that is where the damage was done and so did wages for many people. but not all, got a piece of the pie .
While others were just messing with the numbers .
We recently just heard the plp were subsidizing some people over the minimum wage from what we can only presume from our tax money.
Got to teach them how to fish, if not they will take the easy way out and will be back for more .
“YOU CAN FOOL SOME OF THE PEOPLE SOME OF THE TIME ,BUT NOT ALL THE PEOPLE ALL THE TiME “.
It does not appear incombents appear to have much business sence or challenging business who get away with 10 % like they used to do . JUST WAIT FOR THE SECOND RUSH ON YOUR MONEY .
The lated trick is increment price changes ( SEE THE GRAFF ) taking that game over a longer period of time by inicreasing and decreasing ( THE BOUNCING BALL ) products and mostly services lately , that is to be expect from people trying to make ends meet .
( TRICKLE UP EFFECT ) by small amounts of price increases same as befor but taking a little longer.
We sure have some smart greedy business people in this island .
Go a question for you all.
WHAT ARE YOU GOING TO DO ABOUT IT ? we only have tree days.
Have you spotted how the PLP are making workers poorer?
Look at the published in the article and copied to below, none of them are 1.1% or below. They are all increases above 1.1%, so even with the numbers presented we can not be at 1.1% higher, it has to be more.
The Rent division increased 2.0 per cent.
The Health & Personal Care division increased 3.3 per cent.
The Food division increased 2.8 per cent.
The Education, Recreation, Entertainment & Reading division increased 1.5 per cent.
The Household Goods, Services & Supplies division rose 1.5 per cent.
The Office for National Statistics reports U.K. retail price inflation in October 2024 as being 2.3%
J.P. Morgan Wealth Management reports U.S. retail price inflation in October 2024 as being 2.6%
Statistics Canada reports retail price inflation in October 2024 as being 2.0%
Bermuda did better than any of those countries, with retail price inflation of only 1.1%!
Our retail price inflation rate is roughly one-half of that of the countries from where we import 90% of our goods!
Be very carefull not to compare a mouse with an elphant .
Why are we just hearing that just now when my phone just got connected one dingie two dingie no more dingie
it used to be that every time the dingie rang some body wanted something.
My Bride just told me that. ” a piece of imported fish just went from from $18.oo / pound to $28.oo / pound “.
she also said . “t will not be going down. I will tell you it will keep going up”.
now you all watch all the local fish go up in price to $ ??
We went through three tins of spam last week Lunch . Dinner .
i say the country will be eating Spam. Spam ,Spam now available in chicken earlier than we think .
Who would be dumb enough to believe these figures? Is this what we pay the CS statistical people the big bucks for?
How can the inflation rate for Bermuda be half of the countries where we get ALL of our supplies from?
More pre election fake news for the gullible to drink up.
STATISTICS. 1.1% .
I have been baggering Joe Bloggs on a regular basis on that mis alignment of the statistical numbers not wanting to humiliate him he is still my hero.
I think he is a Liverpool Suporter my old man from Manchester . every body came here from Old Blighty .
Who ever the big shot of the numbers service statistics who call the shots on the numbers. to the first decimal place how cool is that .
I alway look at what complaints either it is prices ot tooth ache i hear it from people about profiteering .
Just ask the home makers .
Do not mess with petty coat Government or the kitchen Cabinet .
When get home from the food store first question i ask my wife how much did we spend .
Can you imagin what a struggle the women have with the prices .dont ask .
THE NUMBERS GAME ~~~~~ two little piggies went market one came home.
That last one bunch of numbers was a elecrion pot shot , the latest new one an astounding 1.1% that was pre WW11 days before rasioning and no shoes .
I worked along time ago in a bank with only one adding machine on the floor for 16 of us.
we did it all the numbers in own head , and very accurately and faster . If you don’t mind !
eg
10+9 = 19 so is 10+10 = 20 -1 = 19
A cool learnind device :::::: When I was in junior school we had a stick hanging on the wall, guess what for, it was a miracal worker you were lucky if you got away with X3 for fighting .
Counting votes easy “two for me one for them ” your check is in the mail
LIFE’S FAILURES .
There are ways to teach our children in schools to make them all into a genius over night .
The kids as their are sponges for knowledge at their premium age give the computers and cell phones and turn them loose .
The problem has got to be the teachers in hybernation .
I took latin Romulus Maximus. 111 rd what a waste . Do Doctors speek Latin?
FOOD
For diet medical advice on FOOD you most consult your doctor as you may have issues .
My thought on food selection is a BALANCED DIET youcan not loose on that one .
The first month air it will be hard going . don’t falter ok !
Serve food on smaller plates. HOT gravy keeps food hot an improvers the taste.
Add up all your food bills for the year divide by 12 and there is your limit.
this exercise is a nickel and dime game take cell phone pictures of all the shelf prices you purchase
Only drive the car whe absolulye nessesary
check the news paper for bargains
You must maintain a food shopping list to be effective . .
You need to have your daughter with you and you know why ! as her turn will come one day
she will need many lsssons in nutrission .
Never ever have one person in the kitchen for safety reasons fat fire !!!!???!!!!
Always make a 7 day menu plan extra cooking goes in the fridge w only when cooled . you can tun that thing down a little.
keep the kids away fro the fridge
run the gas stove top at 3/4 ‘ Tuesday //. Thursday ::* Sunday // Friday ::Monday Wednesday // ((*Sunday))
no sence cuting ttin back on the sweet stuff as every thing is sweet now you know why you have a sugar tax you go the rip !
Go shopping on a discount day. pack your own to save the tip inflatiom hurts every body.
not sure if bulk buying helps with small families unless you sop for the neighbors an other relatives. pricin use the cell phone calculator
do not take food prices out on the food store manager he/ she does no control prices as they are in his game plan also .