Bonaire: Sharp increase prices for consumers

In Q1 2018, consumers on Bonaire paid 3.8 percent more for goods and services than one year earlier. The increase was much lower in the previous quarter, namely 1.2 percent. Prices rose year-on-year by 2.9 percent on Saba and by 2.0 percent on St. Eustatius. This is reported by Dutch Statistics bureau CBS on the basis of the consumer price index (CPI).

The increase in the average price level for goods and services on Bonaire is mainly caused by higher electricity and food prices. A price increase was seen in food products such as fresh fruit and fresh vegetables: up by 17 and 12 percent respectively in Q1 year-on-year. These food items were imported from Venezuela, for example. And as of 5 January 2018, Venezuela closed its border with Bonaire, forcing the island to increase food imports via other channels.

According to cbs.nl, in Q1 2018, consumers on St Eustatius paid on average 2.0 percent more for goods and services relative to one year previously. The year-on-year price increase was still 1.8 percent in Q4 2017. Saban prices of goods and services were on average 2.9 percent up year-on-year. Just like on St Eustatius, the price increase is caused by price developments of a wide range of product groups. Food, clothes and household appliances, among others, went up in price compared to one year ago.

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