Bahamas National Statistical Institute Consumer Prices Index

Share |

September 30, 2022

The Monthly Inflation Rate in the Bahamas, which represents the overall change inprices, saw an increase of 1.5% for July 2022 when compared to June 2022. ThisJuly 2022 increase, rate followed a 0.5% increase between the months of May andJune 2022.

The Consumer Price Index June, 2022 rose 7%, from this same time last year.Consumers paid more in July 2022, for products such as ‘Alcoholic beveragestobacco and narcotics’ as this major group registered an increase 4.8% over thesame period last year.

On a yearly and monthly basis, price increases, were seen within the ‘Recreation andculture’ major group, showing a 23% increase and 17.32 respectively. The ‘Hotel andRestaurant’ category also rose 3.7 month over month, and 17.9 % over this sametime last year, as there was a higher demand for travel accommodation within thiscategory compared to a year earlier.

On a year over year basis, the category of ‘Transport” which includes gasoline, roseat a slower pace, in July than in June 2022. On a monthly basis, gasoline prices wereup 3.2% compared with June 2022.

Bahamas National Statistical Institute Consumer Prices IndexBahamas National Statistical Institute Consumer Prices IndexBahamas National Statistical Institute Consumer Prices Index

The Monthly Inflation Rate in the Bahamas, which represents the overall change in
prices, saw an increase of 1.5% for July 2022 when compared to June 2022. This
July 2022 increase, rate followed a 0.5% increase between the months of May and
June 2022.
The Consumer Price Index June, 2022 rose 7%, from this same time last year.
Consumers paid more in July 2022, for products such as ‘Alcoholic beverages
tobacco and narcotics’ as this major group registered an increase 4.8% over the
same period last year.
On a yearly and monthly basis, price increases, were seen within the ‘Recreation and
culture’ major group, showing a 23% increase and 17.32 respectively. The ‘Hotel and
Restaurant’ category also rose 3.7 month over month, and 17.9 % over this same
time last year, as there was a higher demand for travel accommodation within this
category compared to a year earlier.
On a year over year basis, the category of ‘Transport” which includes gasoline, rose
at a slower pace, in July than in June 2022. On a monthly basis, gasoline prices were
up 3.2% compared with June 2022.

 

News date : 09/30/2022    Category : Finance

Share |