The Bahamas National Statistical Institute is pleased to announce the release of its ConsumerPrice index, March 2023.
The Monthly Inflation Rate in the Bahamas, which represents the overall change in prices, for 2023increased by 0.4% when compared to February 2023. This increase is reflected in the overall priceof items purchased by the average consumer during this period. This March 2023 increasefollowed a 0.1% decrease between the months of January 2023 and February 2023.
The category of Furnishing, Household Equipment saw an increase of 6.5%, when compared tothe previous month. The Miscellaneous Goods and Services category also recorded an increase of1.6%. However, over this same period Clothing and Footwear saw a decline of 0.9%, for the monthof March.
On a year over year basis, the CPI rose 4% over the same period last year in 2022. The majorcategories that contributed to this rise included Recreation and Culture, Alcoholic beverages, alongwith Food and Non- Alcoholic beverages with increases of 17%, 11 % and 8% respectively.
Diesel prices were up 12%, and gasoline declined 8% compared to this period in 2022. However,compared to February 2023, gasoline prices decreased by 9% while diesel prices declined 2%, forthe month of March 2023
The Bahamas National Statistical Institute is pleased to announce the release of its Consumer
Price index, March 2023.
The Monthly Inflation Rate in the Bahamas, which represents the overall change in prices, for 2023
increased by 0.4% when compared to February 2023. This increase is reflected in the overall price
of items purchased by the average consumer during this period. This March 2023 increase
followed a 0.1% decrease between the months of January 2023 and February 2023.
The category of Furnishing, Household Equipment saw an increase of 6.5%, when compared to
the previous month. The Miscellaneous Goods and Services category also recorded an increase of
1.6%. However, over this same period Clothing and Footwear saw a decline of 0.9%, for the month
of March.
On a year over year basis, the CPI rose 4% over the same period last year in 2022. The major
categories that contributed to this rise included Recreation and Culture, Alcoholic beverages, along
with Food and Non- Alcoholic beverages with increases of 17%, 11 % and 8% respectively.
Diesel prices were up 12%, and gasoline declined 8% compared to this period in 2022. However,
compared to February 2023, gasoline prices decreased by 9% while diesel prices declined 2%, for
the month of March 2023
