Tag: inflation
Inflation continued to plague Cayman through COVID
(CNS): According to the Economics and Statistics Office’s third quarter report, the gross domestic product fell by around 8.2% in the Cayman Islands but Caymanians were still facing inflationary pressure from price increases. Available indicators show that the challenges the Cayman Islands faced at the end of last year, nine months after COVID-19 arrived here […]
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 […]
Inflation averaged 3.3% in 2018
(CNS): A fall in the country’s inflation rate in December led to an average rate for 2018 of 3.3%, as the consumer price index fluctuate wildly last year from a high of almost 5% at the end of June to a drop to 1.7% at the end of the year. The problem of inflation continues […]
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 […]
