Tag: consumer price index
Inflation one of several threats on horizon
(CNS): In his address to Parliament on Wednesday on the PACT Government’s first strategic policy statement, Finance Minister Chris Saunders painted a relatively optimistic picture of figures for public finances and the economic recovery from the COVID-19 fallout. But he also noted some threats on the horizon, not least the problem of inflation. Caymanians are […]
Inflation undermining economic success
(CNS): The good news that government has been promoting over the last few years, that the economy is growing and the public is benefiting from this improvement in the Cayman Islands’ domestic fortunes, is now being challenged by persistent levels of inflation, which is eating away at the limited disposal income of many people. In […]
Local inflation increases by more than 3%
(CNS): New figures from the Economics and Statistics Office show a worrying trend for Cayman, with inflation growing by 3.2% in the first quarter of 2018. Although the country saw what officials described as “robust growth” through 2017, with the gross domestic product rising by 2.9%, the inflation level is impacting the man on the […]
Rents push up cost of living
(CNS): The average prices of goods and services in the Cayman Islands, as estimated by the Consumer Price Index (CPI), increased by 2.2% in the second quarter of 2017 compared to the same period in 2016. The increase in the price index was largely fueled by a 7.9% rise in the price index for restaurants and hotels. But for […]
Price increases fuel local inflation
(CNS): While government continues to pursue growth in the local economy and makes claims that unemployment is falling, with little sign of rising wages, price increases are now putting pressure on ordinary working families. The latest figures from the Economics and Statistics Office reveals that the consumer price index increased by 1.7% during the first […]
