Statia’s prices show highest growth rate

Top to bottom: CBS’s Price Consumer Index for St. Eustatius, Saba and Bonaire.

SABA/ST. EUSTATIUS–On an annual basis prices of goods and services increased by approximately 2.6 per cent on St Eustatius in the second quarter of 2017. St Eustatius has the highest inflation rate of the three islands in the Caribbean Netherlands, according to Central Bureau of Statistics (CBS). Consumer prices on Bonaire were 0.4 per cent higher and on Saba one per cent lower than in the second quarter last year. Fresh vegetables and bread in particular became more expensive for consumers on Statia. The year-on-year price increase on the island in the first quarter of 2017 was 1.1 per cent.

  Year-on-year, consumer prices on Bonaire were 0.4 per cent in the second quarter of this year, against 0.1 per cent in the first three months of 2017.

  The price development of electricity contributed notably to the increase. The price of electricity dropped in the second quarter of 2016, and the effect has now worn off, CBS said.

  Prices for goods and services on Saba went down one per cent between April and June of this year, when compared with the same months last years. This was also the case in the first quarter of the year.

  Food products, in particular fresh vegetables, were cheaper than last year. Saba’s consumers also paid less for telephone and Internet services.

Source: The Daily Herald