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.
2014 | Q1 | 1.3 | 2.5 | 1.4 |
---|---|---|---|---|
2014 | Q2 | 2.2 | 2.9 | 2 |
2014 | Q3 | 1.5 | 3.4 | 2.6 |
2014 | Q4 | 0.9 | 1.6 | 2.1 |
2015 | Q1 | -0.6 | -1.1 | 1.5 |
2015 | Q2 | -0.9 | -1.7 | 0.9 |
2015 | Q3 | -0.9 | -0.5 | -0.4 |
2015 | Q4 | -1.2 | -0.7 | -0.1 |
2016 | Q1 | 0.5 | 0.4 | 0.3 |
2016 | Q2 | 0.4 | -0.1 | 0 |
2016 | Q3 | 0.6 | -0.9 | 0.2 |
2016 | Q4 | 0.5 | 0.2 | -0.3 |
2017 | Q1 | 0.1 | 1.1 | -1 |
2017 | Q2 | 0.4 | 2.6 | -1 |
2017 | Q3 | 0.6 | 2.1 | -1.3 |
2017 | Q4 | 1.2 | 1.8 | 2.5 |
2018 | Q1 | 3.9 | 2 | 2.9 |
2018 | Q2 | 3 | 1.2 | 3.2 |
2018 | Q3 | 3.5 | 1.1 | 4.4 |
2018 | Q4 | 3.4 | 1.1 | 0 |
2019 | Q1 | 0.7 | 0.7 | 0.6 |
2019 | Q2 | 1.1 | 0.4 | 0.5 |
2019 | Q3 | 1.2 | 0.7 | 0.3 |
2019 | Q4 | 2.2 | 1 | 0.8 |
2020 | Q1 | 1 | 1.2 | 0.4 |
2020 | Q2 | -1 | -0.8 | -0.8 |
2020 | Q3 | -4.8 | -3.3 | -1.6 |
2020 | Q4 | -5.2 | -3.2 | -0.8 |
2021 | Q1 | -3.2 | -4.1 | -1.3 |
2021 | Q2 | 0.3 | -1.2 | 1 |
2021 | Q3 | 4.3 | 2.4 | 3.2 |
2021 | Q4 | 5.7 | 2.5 | 3.7 |
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%.
Provisional figures
Q4 2021 figures are preliminary and will become final when Q1 2022 figures are released.
Papiamento
A Papiamento translation of this news release can be obtained from the Statistics Netherlands office in Bonaire by sending an e-mail request to: [email protected]
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