Inflation Rises in The Bahamas

• The Central Bank of the Bahamas (CBOB) says inflation has risen to 0.90 percent up from 0.88 percent within the period of June 2020 to June 2021. 
• The bank recently reported that crude oil prices continued to rise this year, following unprecedented lows in 2020, with prices of goods and services rising in most categories to date. 
• According to the central bank's monthly economic and financial developments in September there was a 42.3 percent increase in crude oil prices from January to September this year to B$72.94 a barrel. 
• Consequently, average clothing and shoe prices rose 12.7 percent, despite falling to 8.4 percent last year.  Additionally, miscellaneous goods and services (2.7 percent), food and non-alcoholic beverages (2.3 percent), and housing, water, gas, electricity and other fuels (1.3 percent) recorded an increase in average costs following a year-on-year decline.

(Source: The Central Bank of the Bahamas)