Consumer prices on Bonaire increase less rapidly

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In Q2 2018, consumer prices on Bonaire were 3.0 percent higher than in the year-earlier period. In the previous quarter, goods and services showed a price increase of 3.8 percent. On Saba, prices increased by 3.2 percent and on St Eustatius by 1.2 percent year-on-year. This is reported by Statistics Netherlands (CBS) based on the consumer price index (CPI).

Consumer price index (CPI) Caribbean Netherlands (year-on-year % change)
 BonaireSt EustatiusSaba
2014 Q11.32.51.4
2014 Q22.22.92
2014 Q31.53.42.6
2014 Q40.91.62.1
2015 Q1-0.6-1.11.5
2015 Q2-0.9-1.70.9
2015 Q3-0.9-0.5-0.4
2015 Q4-1.2-0.7-0.1
2016 Q10.50.40.3
2016 Q20.4-0.10
2016 Q30.6-0.90.2
2016 Q40.50.2-0.3
2017 Q10.11.1-1
2017 Q20.42.6-1
2017 Q30.62.1-1.3
2017 Q41.21.82.5
2018 Q13.822.9
2018 Q231.23.2

The Netherlands Authority for Consumers and Markets set new prices for water and electricity on Bonaire as of 1 April 2018. In Q2 2018, electricity prices were 6 percent higher than in the year-earlier period; this was 24 percent in the previous quarter. This difference had a curbing effect on the development of consumer prices. An increase in water prices, on the other hand, had an upward effect. Just as with electricity, the price development of fresh fruit also had a downward effect.

Prices on St Eustatius 1.2 percent higher

Consumer prices on St Eustatius were 1.2 percent higher than one year previously; in Q1, this was 2.0 percent. Prices increased less rapidly due to the price development of airline tickets. In Q2 2018, airfares were the same as last year but in the first quarter they were over 2 percent higher than in 2017. The price development of fresh vegetables and bread also had a downward effect on the development of consumer prices.

Consumer prices on Saba continued to increase

In Q2 2018, consumer prices on Saba were on average 3.2 percent higher than in the year-earlier period; this was 2.9 percent in the previous quarter. The price development of telephone and Internet services had an upward effect on the development of consumer prices. The prices of these services were almost 7 percent lower over this year's second quarter compared to one year earlier; in Q1, this was well over 12 percent. The year-on-year CPI growth rate was also higher due to a price increase of building materials. These products showed an increase over three consecutive quarters, with the largest increase in last year's fourth quarter.

As of Q1 2018, CBS publishes the Caribbean Netherlands consumer price index based on the series 2017=100. This has consequences for the way the index is used. More information about the changes is available in ‘New consumer price index for the Caribbean Netherlands’.

Provisional figures

The Q2 2018 figures are provisional and will be finalised upon publication of the Q3 2018 figures.

Papiamentu

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