Inflation down on St Eustatius and Saba

20/07/2023 10:00

In Q2 2023, consumer goods and services on Bonaire were 4.6 percent more expensive than one year previously. Inflation stood at 4.5 percent in the previous quarter. On St Eustatius, prices rose by 3.3 percent year-on-year in Q2; the price rise was 8.0 percent in Q1. On Saba, inflation stood at 5.2 percent in Q2, down from 7.0 percent in the previous quarter. Statistics Netherlands (CBS) reports this on the basis of the Caribbean Netherlands’ consumer price index.

Consumer price index (CPI) Caribbean Netherlands
Jaar	Maand	Bonaire (y-o-y % change)	St Eustatius (y-o-y % change)	Saba (y-o-y % change)
2015	Q1	-0.6	-1.1	1.5
2015	Q2	-0.9	-1.7	0.9
2015	Q3	-0.9	-0.5	-0.4
2015	Q4	-1.2	-0.7	-0.1
2016	Q1	0.5	0.4	0.3
2016	Q2	0.4	-0.1	0.0
2016	Q3	0.6	-0.9	0.2
2016	Q4	0.5	0.2	-0.3
2017	Q1	0.1	1.1	-1.0
2017	Q2	0.4	2.6	-1.0
2017	Q3	0.6	2.1	-1.3
2017	Q4	1.2	1.8	2.5
2018	Q1	3.9	2.0	2.9
2018	Q2	3.0	1.2	3.2
2018	Q3	3.5	1.1	4.4
2018	Q4	3.4	1.1	0.0
2019	Q1	0.7	0.7	0.6
2019	Q2	1.1	0.4	0.5
2019	Q3	1.2	0.7	0.3
2019	Q4	2.2	1.0	0.8
2020	Q1	1.0	1.2	0.4
2020	Q2	-1.0	-0.8	-0.8
2020	Q3	-4.8	-3.3	-1.6
2020	Q4	-5.2	-3.2	-0.8
2021	Q1	-3.2	-4.1	-1.3
2021	Q2	0.3	-1.2	1.0
2021	Q3	4.3	2.4	3.2
2021	Q4	5.7	2.7	4.0
2022	Q1	9.2	4.9	6.7
2022	Q2	9.4	7.7	8.2
2022	Q3	12.2	9.0	9.7
2022	Q4	8.1	9.1	9.7
2023	Q1	4.5	8.0	7.0
2023	Q2	4.6	3.3	5.2

Consumer price index (CPI) Caribbean Netherlands
Jaar	Maand	Bonaire (y-o-y % change)	St Eustatius (y-o-y % change)	Saba (y-o-y % change)
2015	Q1	-0.6	-1.1	1.5
2015	Q2	-0.9	-1.7	0.9
2015	Q3	-0.9	-0.5	-0.4
2015	Q4	-1.2	-0.7	-0.1
2016	Q1	0.5	0.4	0.3
2016	Q2	0.4	-0.1	0.0
2016	Q3	0.6	-0.9	0.2
2016	Q4	0.5	0.2	-0.3
2017	Q1	0.1	1.1	-1.0
2017	Q2	0.4	2.6	-1.0
2017	Q3	0.6	2.1	-1.3
2017	Q4	1.2	1.8	2.5
2018	Q1	3.9	2.0	2.9
2018	Q2	3.0	1.2	3.2
2018	Q3	3.5	1.1	4.4
2018	Q4	3.4	1.1	0.0
2019	Q1	0.7	0.7	0.6
2019	Q2	1.1	0.4	0.5
2019	Q3	1.2	0.7	0.3
2019	Q4	2.2	1.0	0.8
2020	Q1	1.0	1.2	0.4
2020	Q2	-1.0	-0.8	-0.8
2020	Q3	-4.8	-3.3	-1.6
2020	Q4	-5.2	-3.2	-0.8
2021	Q1	-3.2	-4.1	-1.3
2021	Q2	0.3	-1.2	1.0
2021	Q3	4.3	2.4	3.2
2021	Q4	5.7	2.7	4.0
2022	Q1	9.2	4.9	6.7
2022	Q2	9.4	7.7	8.2
2022	Q3	12.2	9.0	9.7
2022	Q4	8.1	9.1	9.7
2023	Q1	4.5	8.0	7.0
2023	Q2	4.6	3.3	5.2

Prices on Bonaire 1.9 percent up on the previous quarter

Relative to Q1 2023, prices on Bonaire rose by 1.9 percent in Q2. The rise is mainly caused by an increase in rents and in the prices of new and used cars. Furthermore, petrol prices were up by 4.9 percent relative to the previous quarter.

Relative to Q1 2023, food prices rose by 1.1 percent in Q2 2023. Prices of fresh vegetables were down by 5.5 percent.

0.8 percent price decline on St Eustatius relative to Q1

In Q2 2023, consumer prices on St Eustatius fell by 0.8 percent relative to the previous quarter.

Prices of clothing and footwear increased by 4.2 percent. Furniture prices declined by 7.4 percent. Petrol prices were down by 3.7 percent. Passenger transport by air declined by 8.2 percent in price.

Food and non-alcoholic beverages were 0.8 percent more expensive than in the first quarter. Bread was 5.0 percent more expensive. The egg price drop was significant at 37.9 percent.

Prices on Saba 1.1 percent up

In Q2 2023, consumers on Saba paid on average 1.1 percent more for goods and services than in the previous quarter. Prices of clothing and footwear increased by 4.2 percent while airline ticket prices went up by 17.0 percent. Home maintenance products fell in price by 9.2 percent on the previous quarter.

Prices of food and non-alcoholic beverages rose by 1.2 percent in Q2. Chicken meat was 9.4 percent and beef 6.3 percent cheaper in the previous quarter. Chocolate was 9.8 percent more expensive.

Consumer price index (CPI) Caribbean Netherlands
Jaar	Kwartaal	Bonaire (2017=100)	St Eustatius (2017=100)	Saba (2017=100)
2015	Q1	98.8	97.6	100.1
2015	Q2	98.9	97.7	100.6
2015	Q3	99.1	99.2	100.0
2015	Q4	98.8	98.4	100.1
2016	Q1	99.4	98.0	100.4
2016	Q2	99.3	97.6	100.6
2016	Q3	99.7	98.3	100.2
2016	Q4	99.3	98.7	99.8
2017	Q1	99.5	99.0	99.4
2017	Q2	99.8	100.1	99.6
2017	Q3	100.4	100.4	98.9
2017	Q4	100.4	100.5	102.1
2018	Q1	103.3	101.0	102.3
2018	Q2	102.8	101.4	102.8
2018	Q3	103.9	101.5	103.3
2018	Q4	103.8	101.6	102.2
2019	Q1	104.0	101.8	102.9
2019	Q2	103.9	101.8	103.2
2019	Q3	105.1	102.2	103.6
2019	Q4	106.1	102.6	103.0
2020	Q1	105.0	103.0	103.3
2020	Q2	102.9	100.9	102.4
2020	Q3	100.1	98.8	101.9
2020	Q4	100.6	99.3	102.2
2021	Q1	101.6	98.7	102.0
2021	Q2	103.3	99.6	103.5
2021	Q3	104.4	101.2	105.2
2021	Q4	106.3	102.0	106.2
2022	Q1	111.0	103.6	108.8
2022	Q2	112.9	107.3	111.9
2022	Q3	117.2	110.3	115.5
2022	Q4	115.0	111.3	116.5
2023	Q1	116.0	111.8	116.5
2023	Q2	118.2	110.9	117.7

Consumer price index (CPI) Caribbean Netherlands
Jaar	Kwartaal	Bonaire (2017=100)	St Eustatius (2017=100)	Saba (2017=100)
2015	Q1	98.8	97.6	100.1
2015	Q2	98.9	97.7	100.6
2015	Q3	99.1	99.2	100.0
2015	Q4	98.8	98.4	100.1
2016	Q1	99.4	98.0	100.4
2016	Q2	99.3	97.6	100.6
2016	Q3	99.7	98.3	100.2
2016	Q4	99.3	98.7	99.8
2017	Q1	99.5	99.0	99.4
2017	Q2	99.8	100.1	99.6
2017	Q3	100.4	100.4	98.9
2017	Q4	100.4	100.5	102.1
2018	Q1	103.3	101.0	102.3
2018	Q2	102.8	101.4	102.8
2018	Q3	103.9	101.5	103.3
2018	Q4	103.8	101.6	102.2
2019	Q1	104.0	101.8	102.9
2019	Q2	103.9	101.8	103.2
2019	Q3	105.1	102.2	103.6
2019	Q4	106.1	102.6	103.0
2020	Q1	105.0	103.0	103.3
2020	Q2	102.9	100.9	102.4
2020	Q3	100.1	98.8	101.9
2020	Q4	100.6	99.3	102.2
2021	Q1	101.6	98.7	102.0
2021	Q2	103.3	99.6	103.5
2021	Q3	104.4	101.2	105.2
2021	Q4	106.3	102.0	106.2
2022	Q1	111.0	103.6	108.8
2022	Q2	112.9	107.3	111.9
2022	Q3	117.2	110.3	115.5
2022	Q4	115.0	111.3	116.5
2023	Q1	116.0	111.8	116.5
2023	Q2	118.2	110.9	117.7

Provisional figures

The figures for Q2 2023 are provisional and will become definitive upon publication of the figures over the next quarter, Q3 2023.

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

StatLine - Caribbean Netherlands; consumer price index (CPI) 2017=100