Published On: Thu, Apr 6th, 2017

Consumer prices in Curacao: February 2017; Prices 0.6 percent higher than in the month of January 2017; Inflation 0.2 percent

WillemstadWILLEMSTAD - The consumer price index (CPI) of Curaçao increased in the month of February 2017 by 0.6 percent that is from 124.8 in January 2017 to 125.6 in February 2017.

The price development in February 2017 was mainly characterized by the increased cost of fuel and electricity by 6 and 8 percent respectively.

The CPI of February 2017 (125.6), was 2.2 percent higher than the CPI of February 2016, when a CPI of 122.9 was measured. This figure (2.2%) is an indication that the consumer price level during the month of February 2017 was 2.2 percent higher than in February 2016.

Measured over the twelve months to February 2017, compared to the same period a year earlier, prices rose on average by 0.2 percent. Inflation in Curacao was 0.2 percent in February 2017.

Over the past two years (27 months: December 2014 to February 2017), the consumer price trend in the first 11 months resulted in a gradual decline in inflation (from 1.5% to 0.1%), followed by 13 months of slight deflation and two months of stabilization at zero inflation, while in the past month low inflation (0.2%) has occurred.

This is evident from the data announced by the Central Bureau of Statistics (CBS).

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