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News | July 24, 2024 | 16:00
In the second quarter of 2024, prices for consumer goods and services in Bonaire were 2.5% higher than a year earlier. The inflation rate was therefore lower than the 3.4% recorded in the first quarter of 2024. Statistics Netherlands (CBS) reports this data based on the Consumer Price Index for the Caribbean Netherlands.
In Sint Eustatius, prices rose 2.5% year-on-year in Q2 2024, compared to a 0.4% fall in Q1 2024. In Saba, inflation was 2.0% in Q2 2024, compared to 1.9% in Q1.
Bonaire prices rose 1.0% from the previous quarter
Bonaire prices increased by 1.0% in the second quarter compared to the first quarter. Prices increased in several product categories. For example, the average price of toiletries increased by 8.1% compared to the first quarter of 2024. Gasoline prices also increased by 6.7% in the second quarter. Food prices increased by 0.9% in the second quarter, especially fresh vegetables.
At the same time, the average airfare was 6.8% lower than in the first quarter of 2024, which had a downward impact on inflation.
Prices in Sint Eustatius rose 2.0% quarter-on-quarter
In Sint Eustatius, consumer prices rose by 2.0% in the second quarter of 2024 compared to the first quarter. For example, transportation prices rose in the second quarter, with airfares increasing by 8.9% compared to the previous quarter. Boat ticket prices increased by 28.4%. Prices of several other categories of products also increased, such as furniture, toiletries, telephone and internet services. Finally, gasoline prices rose by 1.0% compared to the previous quarter.
Prices in Saba rose 1.2% from the previous quarter
In Saba, prices rose by 1.2% in the second quarter of 2024 compared to the previous quarter. Prices of a wide range of goods and services rose: compared to the first quarter of 2024, the prices of toiletries and personal care products increased by 5.9% and 4.5%, respectively. The average price of furniture and floor coverings also rose by 2.6% compared to the first quarter. The prices of household maintenance and repair products fell slightly by 2.3% in the second quarter.
The rise in inflation in the second quarter was contained by airfares, which typically rise in the second quarter but have remained stable this year.
Provisional figures
The data for the second quarter of 2024 are provisional and will become final once the data for the next quarter (third quarter of 2024) are available. The preliminary data for the first quarter of 2024 have been adjusted for all islands due to new data on health and miscellaneous goods and services in the COICOP (Classification of Individual Consumption by Purpose) system. In addition, the traffic index for Sint Eustatius has changed due to changes resulting from final data analysis and processing.
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