Price level 0.2 percent lower than in December 2018; Inflation 2.7 percent

WILLEMSTAD - The figures from the Central Bureau of Statistics (CBS) published today show that the price level 0.2 percent in January 2019 is lower than in December 2018 and the inflation figure is 2.7 percent.

Price development month January 2019 compared to month December 2018

The consumer price index (CPI) of Curaçao declined by 0.2 percent in the month of January 2019. The most striking specific price changes in January 2019 are the decrease in kerosene (Spending category: Housing) and the health insurance premiums (Spending category Healthcare), by 8.4% and 12% respectively.

The development of all spending categories of the month January 2019 compared to month December 2018:

1 Nutrition 0.5%

2 Beverages and tobacco products 0.5%

3 Clothing and footwear -0.9%

4 Living -0.9%

5 Home furnishings and household goods 0.7%

6 Healthcare 0.4%

7 Transport & Communication -0.8%

8 Recreation and Development 0.2%

9 Other 0.7%

Long-term price development: inflation January 2019

Measured over the twelve months up to and including January 2019, compared to the same period a year earlier, consumer prices have risen on average by 2.7 percent. This means that the inflation on Curaçao in January 2019 is 2.7 percent.