On St Eustatius, prices were up by 9.0 percent year on year in Q3 2022. This was 7.7 percent in Q2. The increase on St Eustatius is due to higher prices of electricity and transport.

Saba’s inflation rate rose from 8.2 percent in Q2 to 9.7 percent in Q3 2022. The rising prices of food, electricity and motor fuels were the main cause of the inflation increase on the island.

Consumer Price Index (CPI) Caribbean Netherlands
2014 Q1 1.3 2.5 1.4
2014 Q2 2.2 2.9 2.0
2014 Q3 1.5 3.4 2.6
2014 Q4 0.9 1.6 2.1
2015 Q1 -0.6 -1.1 1.5
2015 Q2 -0.9 -1.7 0.9
2015 Q3 -0.9 -0.5 -0.4
2015 Q4 -1.2 -0.7 -0.1
2016 Q1 0.5 0.4 0.3
2016 Q2 0.4 -0.1 0.0
2016 Q3 0.6 -0.9 0.2
2016 Q4 0.5 0.3 -0.3
2017 Q1 0.1 1.1 -1.0
2017 Q2 0.4 2.6 -1.0
2017 Q3 0.7 2.2 -1.3
2017 Q4 1.1 1.8 2.4
2018 Q1 3.9 2.0 2.9
2018 Q2 3.0 1.2 3.2
2018 Q3 3.5 1.1 4.4
2018 Q4 3.4 1.1 0.0
2019 Q1 0.7 0.7 0.6
2019 Q2 1.1 0.4 0.5
2019 Q3 1.2 0.7 0.3
2019 Q4 2.2 1.0 0.8
2020 Q1 1.0 1.2 0.4
2020 Q2 -1.0 -0.8 -0.8
2020 Q3 -4.8 -3.3 -1.6
2020 Q4 -5.2 -3.2 -0.8
2021 Q1 -3.2 -4.1 -1.3
2021 Q2 0.3 -1.2 1.0
2021 Q3 4.3 2.4 3.2
2021 Q4 5.7 2.7 4.0
2022 Q1 9.2 4.9 6.7
2022 Q2 9.4 7.7 8.2
2022 Q3 12.2 9.0 9.7

Prices on Bonaire 3.7 percent up on the previous quarter

Relative to Q2 2022, prices on Bonaire rose by 3.7 percent in Q3 2022. This increase was mainly caused by the rise in electricity prices (+16.1 percent). Food and non-alcoholic beverages were up 3.4 percent in price. The price of petrol went up by 13.4 percent and airfares became 4.9 percent more expensive.

2.9-percent price increase on St Eustatius relative to the previous quarter

On St Eustatius, consumer prices rose by 2.9 percent in Q3 relative to Q2 2022. Electricity increased by 19 percent and transport by 5.4 percent in price. The latter increase was due to 6.0 percent higher petrol prices and a 6.2-percent rise in airfares. A notable increase was seen in prices of accommodation and food services, namely 5 percent.

Saba recorded 3.2-percent q-o-q price increase

In Q3 2022, consumers on Saba paid on average 3.2 percent more for goods and services than in the previous quarter.

Prices of food and non-alcoholic beverages rose by 2.1 percent; electricity prices by 8.5 percent. Transportation went up 9.8 percent in price, with petrol up 5.3 percent and airfares 17.1 percent.

Eggs more expensive on Bonaire and Saba

In Q2, CBS reported in its news release that egg prices had increased remarkably on all three islands. On St Eustatius, eggs became 51.7 percent more expensive in Q2, while on Saba and Bonaire prices rose by 28.1 and 16.3 percent, respectively.

In the past quarter, Q3, egg prices on Saba continued to rise by 8.9 percent and on Bonaire by 8.7 percent. On St Eustatius, egg prices fell by 13.8 percent.

Consumer Price Index (CPI) Caribbean Netherlands
2015 Q1 98.8 97.6 100.1
2015 Q2 98.9 97.7 100.6
2015 Q3 99.1 99.2 100.0
2015 Q4 98.8 98.4 100.1
2016 Q1 99.4 98.0 100.4
2016 Q2 99.3 97.6 100.6
2016 Q3 99.7 98.3 100.2
2016 Q4 99.3 98.7 99.8
2017 Q1 99.5 99.0 99.4
2017 Q2 99.8 100.1 99.6
2017 Q3 100.4 100.4 98.9
2017 Q4 100.4 100.5 102.1
2018 Q1 103.3 101.0 102.3
2018 Q2 102.8 101.4 102.8
2018 Q3 103.9 101.5 103.3
2018 Q4 103.8 101.6 102.2
2019 Q1 104.0 101.8 102.9
2019 Q2 103.9 101.8 103.2
2019 Q3 105.1 102.2 103.6
2019 Q4 106.1 102.6 103.0
2020 Q1 105.0 103.0 103.3
2020 Q2 102.9 100.9 102.4
2020 Q3 100.1 98.8 101.9
2020 Q4 100.6 99.3 102.2
2021 Q1 101.6 98.7 102.0
2021 Q2 103.3 99.6 103.5
2021 Q3 104.4 101.2 105.2
2021 Q4 106.3 102.0 106.2
2022 Q1 111.0 103.6 108.8
2022 Q2 112.9 107.3 111.9
2022 Q3 117.2 110.3 115.5

Provisional figures

Figures referring to Q3 2022 are provisional and will be definitive upon publication of the figures over Q4 2022.

Papiamentu

A Papiamentu translation of this news release can be obtained from Statistics Netherlands’ office on Bonaire by sending a request via email to: caribischnederland@cbs.nl

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