Tag: cost of living
Inflation falling but food prices increase
(CNS): The overall cost of living fell by 1.6% in the third quarter of 2020 compared to 2019, but that doesn’t mean Cayman Islands residents are seeing prices come down in general, despite the economic challenges of COVID-19. While costs have declined in some sectors, when it comes to food and telephone costs, shoppers are […]
Cayman ranked as world’s most costly place
(CNS): It will come as no surprise to Caymanians and residents that they are living in the world’s most expensive place, regardless of government’s efforts to convince the population that inflation is under control, when a dozen eggs is more than double the price of almost anywhere else in the world. Cayman tops both lists […]
Civil servants to get 5% cost of living hike
(CNS): Government workers can look forward to a pay increase of 5% in their pay packets next month, which will be backdated to 1 July. Premier Alden McLaughlin announced the hike in the cost of living allowance (COLA) for civil servants on Wednesday during his address to the Legislative Assembly special meeting on Cayman Brac, […]
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 […]
Government claims cost of living is falling
(CNS): With electricity, gas and fuel still falling in price, inflation in Cayman continues to decline, according to the Economics and Statistics Office. Finance Minister Marco Archer says that this means Caymanians now have more spending power. In the latest Consumer Price Index report, which measures inflation through changes in prices for goods and services, […]
Child obesity and the cost of living
MM writes: Nice, we can all see that election is right around the corner. The notices are pouring in to parents from the public schools about all the great intervention programmes that are now being passed down from the Ministry of Education; and our premier himself has stepped out prompting us parents to pay better […]
Food supplies cut short by rains
(CNS): A local supermarket has issued more warnings about a shortage of fresh produce and anticipated price hikes as a result of waterlogged crops in the United States and freezing weather in Mexico. In addition to problems with fruit and vegetable supplies, Foster’s Food Fair said the bad weather has affected Florida corn growers and high […]
Cayman needs to exercise ‘people power’
George R. Ebanks writes: Throughout history, we have excellent examples of where “people power” was used effectively and by so doing the actions of a few benefitted many. Consider India’s Mahatma Gandhi. Because of Gandhi’s leadership and his actions in awakening the minds of the people of his country, India won independence from Britain in 1947, thanks […]
Grand Cayman power bills face new hike
(CNS): The local regulator has cleared a new base rate hike for CUC, pushing up the cost of electricity again for consumers on Grand Cayman. The Electricity Regulatory Authority (ERA) confirmed that it had approved a 0.9% increase in the rate the monopoly power provider is allowed to charge. Customers will see the increase immediately […]
