Published On: Tue, Mar 21st, 2017

Consumer prices in Curacao: January 2017, prices 0.5 percent higher than in the month of December 2016; Inflation rate 0.0 percent

Curacao StatisticsWILLEMSTAD - The consumer price index (CPI) of Curaçao increased in the month of January 2017 by 0.5 percent, from 124.2 in December 2016 to 124.8 in January 2017.

The most notable changes in prices for January 2017 were the increase in the minimum wage by 10 percent and the reduction in gasoline and diesel prices by 5 percent.

The CPI in January 2017 (124.8) was 0.8 percent higher than the CPI of January 2016, when a CPI of 123.8 was measured. This figure (0.8%) is an indication that the consumer price level during the month of January 2017 was 0.8 percent higher than in January 2016.

Measured over the twelve months to January 2017, compared to the same period a year earlier, prices have been stable on average. Inflation in Curacao is 0.0 percent in January 2017, in fact, a continuation of the zero percent inflation in December 2016 was measured.

Over the past two years the consumer price trend has only resulted in an inflation period followed by a deflation period and over the past two months it stabilized at zero percent inflation, so there is neither deflation nor inflation.

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