News Release: HAMILTON, Bermuda – The Ministry for the Cabinet Office released the June 2021 Consumer Price Index (CPI) publication from the Department of Statistics.
In summary, during June 2021 consumers paid 1.2 percent more than they did in June 2020 for the basket of goods and services.
The Transport & Foreign Travel sector continues to be the largest contributor to the 12-month increase in the CPI (+7.7 %), as the average cost of airfares increased for a third consecutive month, rising 25.2 percent.
Meanwhile, the Health & Personal Care sector and the Education, Recreation, Entertainment & Reading sectors also impacted strongly on the annual rate of inflation, as price shifts in these segments measured 2.7 percent and 2.4 percent respectively.
Between May 2021 and June 2021 the average cost of goods and services declined 0.3 percent.
Additional areas of note between May 2021 and June 2021 include:
♦ The Education, Recreation, Entertainment & Reading sector moved up 0.9 percent in June. The average cost of pleasure boats rose 13.8 percent.
♦ The Health & Personal Care sector increased 0.7 percent for the month. The average cost of health insurance rose 1.0 percent.
♦ The Food sector edged up 0.5 percent for the month. Among the items contributing to the rise was the average cost of spare ribs (+12.7 %), cantaloupes (+14.1 %) and green peppers (+11.8 %). In addition, the average cost of restaurant dining moved up 1.0 percent.
♦ The Fuel & Power sector dropped 14.1 percent as the average cost of electricity fell 14.7 percent in June.
♦ The Rent sector was down 0.3 percent as the average cost of properties not subject to rent control slid 0.7 percent.
The June 2021 Consumer Price Index is available at www.gov.bm/bermuda-business-statistics.
Note: Each month the Government measures both the annual and monthly rate of inflation, respectively.
♦ Monthly changes reflect changes from month to month.
♦ Annual changes reflect changes from the same month last year.