Published On: Fri, May 5th, 2017

CBS: “Light inflation in Curaçao”

Consumer prices on Curacao: March 2017. Prices 0.2 percent lower than in February 2017; Inflation in March 2017 was 0.4 percent.

WillemstadWILLEMSTAD - The Curaçao Consumer Price Index (CPI) decreased by 0.2 percent in March 2017, i.e. from 125.6 in February 2017 to 125.3 in March 2017.

The price development of March 2017 was mainly characterized by lower electricity and water by 4 and 9 percent, and on the other hand, the cost of gasoline and diesel / gasoil increased by 4 and 1 percent, respectively.

The March 2017 CPI (125.3) is 2.0 percent higher than the CPI of March 2016, when a CPI of 122.8 was measured. This figure (2.0%) is an indication that the consumer price level was 2.0 percent higher in March 2017 than during March 2016.

Measured over the period from twelve months to March 2017, compared to the same period a year earlier, prices rose by 0.4 percent on average. Inflation in Curaçao is thus 0.4 percent per March 2017.

Over the past two years (27 months: January 2015 to March 2017), consumer price development has resulted in a gradual decline in inflation in the first 10 months (from 1.4% to 0.1%) followed by 13 months of light deflation , Two-month stabilization at zero inflation and two months in which light inflation has been measured.

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