Tag: consumer price index
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 […]
