WILLEMSTAD – Data released today by the Central Bureau of Statistics (CBS) shows that the price level in January 2025 increased by 0.1% compared to December 2024. The inflation rate rose to 2.5% in January 2025.
Price Developments in January 2025 Compared to the Previous Month (December 2024)
The Consumer Price Index (CPI) for Curaçao increased by 0.1% in January 2025 compared to December 2024. The index stood at 102.7 in January 2025, up from 102.6 in December 2024.
In January 2025, five expenditure categories saw price increases:
Housing (+1.0%)
Alcoholic Beverages and Tobacco (+0.5%)
Clothing and Footwear (+0.3%)
Healthcare (+0.1%)
Miscellaneous (+0.1%)
On the other hand, the following categories experienced price declines:
Transport and Communication (-0.7%)
Food (-0.2%)
Home Furnishings and Household Goods (-0.1%)
Recreation and Leisure (-0.1%)
Long-Term Price Developments
Inflation reflects the loss of purchasing power due to the rise in consumer prices for goods and services over a longer period (typically 12 months). The inflation rate serves as an indicator of the average increase in the cost of living and is therefore recommended as an indexation tool for wages, pensions, social benefits, the minimum wage, and other income sources.
Inflation for a specific month is calculated by comparing the 12-month average CPI for that month with the 12-month average CPI from the same month a year earlier. Over the 12-month period ending in January 2025, consumer prices increased by an average of 2.5% compared to the same period a year earlier. The 12-month average CPI rose from 100.3 in January 2024 to 102.8 in January 2025.