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.

Consumer Price Index (CPI) for the Caribbean Netherlands
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]

Comments are closed.