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News | July 24, 2024 | 21:58
In the second quarter of 2024, prices for consumer goods and services in Bonaire were 2.5% higher than in the same period last year. The inflation rate was lower than the 3.4% recorded in the first quarter of 2024. Statistics Netherlands reports this based on the Dutch Caribbean Consumer Price Index.
In Sint Eustatius, prices rose by 2.5% year-on-year in Q2 2024, after falling by 0.4% in Q1 2024. In Saba, inflation was 2.0% in Q2 2024. In the first quarter of this year, inflation remained at 1.9%.
Bonaire prices rose 1.0% from the previous quarter
Prices on Bonaire increased by 1.0% in the second quarter compared to the first quarter. Increases were seen in various product groups. For example, over-the-counter medicines increased in price by 8.1% compared to the first quarter of 2024. Gasoline prices also increased by 6.7% during the quarter. Food prices increased by 0.9% during the quarter, with fresh vegetables in particular seeing higher prices.
Compared to the first quarter of 2024, air tickets are 6.8% cheaper, putting pressure on price development.
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. Transport prices rose in the second quarter, with airfares rising by 8.9% compared to the previous quarter. Boat ticket prices rose by 28.4%. In addition, prices in various product groups, such as furniture, toiletries, and telephone and Internet services, rose. Finally, prices in the restaurant industry also rose slightly by 1.0% compared to the previous quarter.
Saba prices rose 1.2% from the previous quarter
In Sabah, prices increased by 1.2% in the second quarter of 2024 compared to the previous quarter. Various goods and services have become more expensive, for example, the prices of toiletries and other personal care products increased by 5.9% and 4.5% respectively compared to the first quarter of 2024. In addition, the prices of furniture and floor coverings also increased by 2.6% from the first quarter of 2024 to the previous quarter. The prices of household maintenance and repair products decreased slightly by 2.3% in the second quarter.
Growth in the second quarter slowed as airfares, which typically rise in the second quarter, remained stable this quarter.
Provisional figures
The data for the second quarter of 2024 are provisional and will be finalized when they are published in the third quarter of 2024. The provisional data for the first quarter of 2024 for all islands have been adjusted based on subsequent health and various information within Coicops. Goods and services. In addition, the transport index for Sint Eustatius has changed due to changes resulting from the final analysis and processing of the data.
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