March 2019 Consumer Price Index

Today, Minister for the Cabinet Office the Hon. Wayne L. Furbert, JP, MP, released the March 2019 Consumer Price Index publication from the Department of Statistics.

The Minister explained, “In March 2019 consumers paid 1.2 percent more for the CPI basket of goods and services than they did in March 2018. Between February 2019 and March 2019 the average cost of all goods and services rose by 0.4 percent.”

Of the nine sectors in the all items index the largest year-over-year contributors to the March 2019 inflation rate are highlighted below:

• ·       The Rent sector rose 2.0 per cent.
• ·       The Food sector rose 2.9 per cent.
• ·       The Health & Personal Care sector advanced by 2.9 per cent.

The March 2019 Consumer Price Index is available online at www.gov.bm/bermuda-business-statistics.