Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

CBS Statistics Netherlands : Inflation rate on Bonaire -3.2 percent in Q1 2021

04/21/2021 | 09:44am EDT

The low inflation rate in the Caribbean Netherlands in Q1 2021 is mainly attributable to the allowances for electricity, drinking water and internet, which have been provided by the government as of 1 May 2020.

Throughout Q1 2021 as well, the coronavirus crisis had an impact on how the Consumer Price Index (CPI) was compiled for the Caribbean Netherlands. Especially the lockdown on Bonaire in March resulted in substantially fewer in-store price observations that month.

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 -2.8 -1.2

The low inflation rate on Bonaire is mainly due to the reductions in the fixed usage tariffs for electricity and water on Bonaire as of 1 May 2020. In Q1 2021, electricity was 14.3 percent and water 16.0 percent cheaper than one year previously.

Relative to the previous quarter, in Q1 prices on Bonaire rose by an average of 1 percent. This was mainly caused by higher variable usage tariffs for electricity and water. Although the variable tariffs increased quarter-on-quarter in Q1, the total rate (the sum of fixed and variable tariff) remained below the level of one year previously.

Average food prices remained fairly stable in Q1 relative to the previous quarter. Prices of poultry fell by nearly 3 percent, while fresh fruit prices rose by 1.5 percent. In addition, women's clothing became 4.6 percent more expensive.

Prices on St Eustatius slightly higher than in previous quarter

In Q1 2021, consumer prices on St Eustatius were 2.8 percent lower than one year previously. The year-on-year decrease was 3.2 percent in Q4 2020.

In Q1, consumers paid 0.7 percent more for goods and services than in the previous quarter.
The variable usage tariffs for electricity were up by more than 10 percent. Petrol and diesel prices rose as well, by 1.7 and 3.9 percent.

Consumer prices on Saba stable compared to previous quarter

On Saba, consumers paid 1.2 percent less on average in Q1 2021 than in the same quarter last year. In Q4 2020, the inflation rate still amounted to -0.8 percent.

In Q1, goods and services were 0.1 percent cheaper than in the previous quarter. Food and toiletries went down in price, while the variable usage tariffs for electricity increased by over 26 percent relative to Q4 2020.

Provisional figures

Figures referring to Q1 2021 are provisional and will be definitive upon publication of the figures over Q2 2021.

Papiamentu

A Papiamentu translation of this news release can be obtained from Statistics Netherlands' office on Bonaire by sending a request via email to: caribischnederland@cbs.nl

Disclaimer

CBS - Statistics Netherlands published this content on 21 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2021 13:43:04 UTC.


ę Publicnow 2021
Latest news "Economy & Forex"
07:05aDaisy Village Grand Opening of Center for Children with Special Needs
SE
07:05aNew Minnesota-based Staffing Firms Assist Companies to Improve Diversity, Equity and Inclusion
SE
07:00aState College Area School District in Pennsylvania Selects Synergy Student Information System
SE
07:00a151 New Industrial Manufacturing Planned Industrial Project Reports ľ April 2021 Recap
SE
07:00aHomeTown Ticketing and Stack Sports Announce Partnership Bringing Streamlined Digital Ticketing and Payment Processing Solutions to Clients
SE
06:54aNASUWT NATIONAL ASSOCIATION OF SCHOOLMASTERSá : comments on school masks announcement
PU
06:53aUK to ban default passwords for smart TVs, speakers to boost security
RE
06:51aCORONAVIRUS : Uk pm johnson's spokesman says
RE
06:47aOil dips as pipeline outage fears ease, India weighs
RE
06:36aNasdaq futures fall over 1% on inflation worries
RE
Latest news "Economy & Forex"