Rising inflation in the Caribbean Netherlands
In Saint-Eustache, prices rose 2.5% year-on-year. It was still 2.4% in the third quarter. In Saba, the inflation rate rose from 3.2 to 3.7% in the fourth quarter. This is mainly due to rapidly rising prices for gasoline and home maintenance and repair products. Gasoline in Saba was 27.6% more expensive than a year earlier.
Prices in Bonaire up 1.8% compared to the previous quarter
Compared to the third quarter of 2021, prices increased by 1.8% on Bonaire in the fourth quarter. This is mainly due to the cessation of utility allowances from December 2021, which resulted in an increase of 9.2% for electricity and 5.6% for water. Transportation costs also increased, by 2.0%. Gasoline increased by 6.2% and diesel by 6.7% compared to the previous quarter. Clothing and footwear prices fell 3.1%.
Price increase of 0.6% on Statia compared to the previous quarter
In Saint-Eustache, in the fourth quarter of 2021, consumer prices increased by 0.6% compared to the third quarter, where prices had increased by 1.6%. Education had a downward effect on the index with a drop of 8.2%, due to price reductions of various online courses. Gasoline increased by 3.7% in price and diesel by 3.8% compared to the third quarter of 2021. Clothing and footwear fell by 3.5%.
Saba recorded a price increase of 0.6% in Q3
In the fourth quarter of 2021, consumers in Saba paid on average 0.6% more for goods and services than in the previous quarter. In the third quarter, the increase was still 1.7%. Transport became 1.3% more expensive compared to the third quarter, due to higher gasoline and diesel prices. Housing rose 1.2% on higher building material prices. With a 3.8% drop, education had a moderating effect on inflation, as various online courses fell in price. Clothing and footwear prices fell 3.5%.
Q4 2021 figures are preliminary and will become final when Q1 2022 figures are released.