In the Central Bank of The Bahamas’ (CBOB) Business Conditions and Expectations Survey for January through June 2019, businesses reveal that they have noted a decline in profits, though the survey found they are optimistic about the next six months of the year.

The CBOB survey explains that local businesses have found that the cost of inventory, goods and services, wages and investments increased during the survey period.

Information on inflation from the report explains that inflation has increased by 1.7 percentage points to 2.9 percent during the twelve months to March.

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