Price rise on Bonaire and Saba higher than on Statia

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In Q3 2018, consumer prices on Bonaire were 3.5 percent higher than one year previously. Prices also rose on St Eustatius and Saba, by 1.1 and by 4.4 percent year-on-year respectively. This is reported by Statistics Netherlands (CBS) on the basis of 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 Q13.922.9
2018 Q231.23.2
2018 Q33.51.14.4

On Bonaire, the price increase was 3.5 percent in Q3, versus 3.0 percent in Q2. Consumer prices rose more rapidly mainly due to electricity prices rising by 18 percent on average relative to the previous year. In Q2 2018, this was still 6 percent. The price of petrol went up by nearly 17 percent on an annual basis.

Not all prices rose on Bonaire. For example, fresh fruit and fresh vegetables became cheaper than one year previously.

Consumer prices on Statia 1.1 percent up

In Q3, consumer prices on St Eustatius rose by 1.1 percent year-on-year, against 1.2 percent in Q2. The lower prices of food products in particular, e.g. fresh fruit and potatoes, diluted the effect of the consumer price increase. On the other hand, the price development of electricity had an upward effect on St Eustatius as well.

Prices further up on Saba

In Q3, consumer prices on Saba were 4.4 percent up on the previous year; this was still 3.2 percent in the previous quarter. Food products and toiletries became more expensive in particular. In addition, the price of electricity also rose on Saba: by over 10 percent year-on-year. Clothing items, on the other hand, went down in price.

Provisional figures

Figures referring to Q3 2018 are provisional and will be definite upon publication of the figures over Q4 2018.

Adjustment of figures

The index figures for the series 2017=100 have been adjusted for Bonaire and St Eustatius. The figures for Saba remain unchanged. The adjustments follow a correction to the changed base year.

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

Sources