March Consumer Price Index: Inflation 1.9%
Consumers paid 1.9% more in March than a year ago for the basket of goods and services in the Consumer Price Index [CPI].
A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ March 2025 Consumer Price Index.
“In summary, consumers paid 1.9 per cent more in March 2025 than a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. This level of inflation was unchanged from the February 2025 annual inflation rate. Some highlights for March 2024 to March 2025 include:
- The Rent division increased 2.3 per cent.
- The Health & Personal Care division rose 3.0 per cent.
- The Transport & Foreign Travel division increased 2.3 per cent.
- The Food division rose 2.0 per cent.
- The Education, Recreation, Entertainment & Reading division rose 1.2 per cent.
“Between February 2025 and March 2025, the average cost of goods and services increased 0.1 per cent. Additional areas of note between February 2025 and March 2025 were as follows:
- The Transport & Foreign Travel division increased 0.5 per cent.
- The Education, Recreation, Entertainment & Reading division increased 0.2 per cent.
- The Rent division rose 0.1 per cent.
- The Food division increased 0.1 per cent.
The full March 2025 Consumer Price Index follows below [PDF here]:
Once again, the economic miracle that is Bermuda has outperformed the U.K., the U.S. and Canada.
March 2025 retail price inflation was 5.1% in the U.K., 2.4% in the U.S. and 2.8% in Canada.
And even though we import all of our consumer goods, our reported retail price inflation of only 1.9% is lower that those countries from which we import the majority of our goods!
This is why we see so many foreign people coming here to shop for meats, alcohol, cars, clothing, school supplies… then hauling it all back to the US/UK/Canada in their luggage.
We really need to push “retail tourism”. Let’s get some billboards up in the US/UK and Canada!
We could make Dockyard a free port!
You all are having to wool pulled over you eyes, the latest trick is not to create bulk increased in prices to cause massive problems here what they are doing for them selves is every day in increase prices just a little i may take a year to do what they want, you can best see it with car prices it is call shipment increases. and play dumb !