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February 2018
Consumers paid 2.0 per cent more in February 2018 The Transport & Foreign Travel sector was the largest
than they did a year ago for the basket of goods and contributor to the year-over-year change in the CPI.
services included in the Consumer Price Index (CPI). This sector rose 4.2 per cent, fostered by a 14.4 per cent
The level of inflation increased 0.4 percentage points increase in the average cost in air fares.
from the 1.6 per cent measured in January 2018.
In addition, the Tobacco & Liquor sector and the Fuel
Between January 2018 and February 2018, the & Power sector rose 9.4 per cent and 9.1 per cent,
average cost of goods and services in the CPI respectively.
increased 0.3 per cent. The all-items index rose to
104.1 in February. This means that the basket of
goods and services that cost $100.00 in April 2015
now costs $104.10.
Inflation
Rate
2.0%
The compilation of SUMMARY STATISTICS
the CPI involves the Monthly Quarterly
processing of several Annual Annual
Period Index per cent Period Index per cent
thousand price Change Change
quotations. The 2017 2016
Feb 102.1 +1.9 Q1 100.2 +1.3
Department of Mar 102.5 +2.4 101.2 +1.0
Q2
Statistics wishes to Apr 102.8 +1.7 Q3 102.2 +1.6
May 103.3 +2.4 Q4 102.3 +1.8
acknowledge the Jun 103.3 +1.8
cooperation of the Jul 103.9 +1.7 2017
Aug 104.0 +2.3 Q1 102.3 +2.1
business community
Sept 104.2 +1.5 Q2 103.1 +1.9
in supplying the Oct 104.1 +1.4 Q3 104.0 +1.8
Nov 104.2 +2.0 Q4 104.1 +1.8
required price data.
Dec 104.0 +1.9
2018
Jan 103.8 +1.6
Feb 104.1 +2.0
1
BERMUDA CONSUMER PRICE INDEX
MONTH-TO-MONTH ANALYSIS
Transport & Foreign Travel Clothing & Footwear
The Transport & Foreign Travel sector rose 2.6 per The Clothing & Footwear sector reported no change
cent in February. Increases were reported in the for the month.
average cost of air fares (+11.9 per cent), and
overseas hotels (+1.7 per cent).
Fuel & Power
After declining 1.5 per cent in January, the Fuel &
Power sector reported no price movement in
February.
2
BERMUDA CONSUMER PRICE INDEX
Household Education,
Clothing Tobacco Fuel Goods, Transport Recreation, Health &
& & & Services & & Foreign Entertain. Personal
All Items Food Rent Footwear Liquor Power Supplies Travel & Reading Care
2013
WEIGHT 1000 115 267 25 31 39 116 130 147 130
2013 +1.8 +3.0 -0.3 +0.1 +4.4 -1.9 +0.5 +1.4 +2.5 +8.3
2014 +2.0 +3.1 +0.8 +2.0 +2.4 -2.4 +0.8 +1.7 +1.9 +6.7
2015 +1.5 +2.7 +0.6 +1.3 +1.2 -8.9 +2.1 -1.3 +0.9 +7.8
2016 +1.5 +1.9 +1.0 +0.4 +5.1 -3.3 +1.6 -2.2 +3.3 +4.5
2017 +1.9 +2.2 +0.1 +1.5 +7.8 +7.8 +0.5 +3.6 +2.0 +1.3
2016
Jan -0.2 +1.2 -0.1 +0.1 +0.4 -3.7 +0.1 -1.6 Nil Nil
Feb -0.1 +0.6 +0.1 Nil +1.1 Nil Nil -1.4 -0.3 +0.1
Mar -0.1 -0.1 Nil Nil Nil -0.8 +0.1 -0.7 +0.2 Nil
Apr +0.9 +0.3 Nil -0.5 +2.0 -2.6 Nil +0.8 +2.7 +3.2
May -0.1 -0.3 +0.1 Nil +1.5 -5.0 Nil -0.3 +0.5 Nil
Jun +0.5 +0.2 Nil Nil +0.8 +10.4 Nil +1.0 Nil -0.1
Jul +0.8 +0.3 +1.0 +0.1 Nil +4.3 +0.1 +2.5 -0.2 Nil
Aug -0.5 +0.1 +0.1 Nil Nil Nil Nil -4.3 Nil Nil
Sept +1.0 +0.1 Nil Nil +0.1 +6.0 +0.1 +4.5 +1.1 Nil
Oct Nil +0.1 Nil +0.3 Nil -0.9 +0.1 Nil +0.1 +0.1
Nov -0.5 -0.1 Nil +0.1 Nil -2.3 Nil -2.8 -0.2 Nil
Dec -0.1 -1.3 +0.1 Nil -0.4 -3.1 Nil +1.3 +0.1 Nil
2017
Jan +0.1 +2.0 Nil +1.2 +0.8 -2.3 Nil -1.2 Nil Nil
Feb -0.1 Nil -0.8 Nil -0.1 Nil Nil +0.8 -0.1 Nil
Mar +0.4 +0.4 +0.1 Nil +0.1 +3.9 Nil +1.9 Nil Nil
Apr +0.3 -1.1 Nil Nil +2.8 +0.5 +0.1 +1.9 +0.2 +0.2
May +0.4 +1.7 Nil Nil +4.7 +1.8 -0.1 Nil +0.1 Nil
Jun Nil +0.6 +0.1 Nil Nil +3.3 +0.2 -1.2 -0.1 Nil
Jul +0.6 +0.2 Nil +0.2 +0.7 +3.0 +0.2 +2.4 +0.1 Nil
Aug +0.1 +0.1 +0.1 Nil Nil Nil Nil Nil +0.2 +0.5
Sept +0.2 -0.1 Nil Nil +0.1 +0.2 +0.1 +0.2 +0.8 Nil
Oct -0.1 +0.1 +0.1 +0.1 +0.2 Nil Nil -1.4 -0.2 +0.5
Nov +0.1 +0.1 Nil Nil +0.1 -2.1 Nil +1.2 +0.5 Nil
Dec -0.2 -0.7 Nil Nil +0.1 Nil Nil -1.4 +0.1 Nil
2018
Jan -0.2 +1.2 Nil Nil +0.3 -1.5 -0.1 -1.9 +0.1 Nil
Feb +0.3 -0.7 Nil Nil Nil Nil +0.2 +2.6 -0.1 Nil
Feb ‘18 104.1 105.2 101.4 102.3 117.0 104.4 103.6 102.2 106.9 105.2
Feb ‘18
Feb ‘17 +2.0 +1.8 +0.5 +0.3 +9.4 +9.1 +0.7 +4.2 +1.7 +1.3
3
BERMUDA CONSUMER PRICE INDEX
Education, Recreation, Entertainment & Bermuda 2.0 1.5 1.5 1.9 +2.0
Reading United States1 0.8 0.7 2.1 2.1 +2.2
Health & Personal Care Canada2 2.0 1.1 1.4 1.6 +2.2
United Kingdom3 2.4 1.0 1.8 3.6 +3.6