Skip to main content

The march of inflation continues – The Royal Gazette

By February 11, 2022Sports events

Updated: February 11, 2022 5:38 PM

The government said on Friday that inflation, as measured by the consumer price index, rose by 2.5% in the twelve months to October.

A cabinet ministry statement said that in October 2021 consumers paid 2.5% more than in October 2020 for a basket of goods and services.

The statement continued: “At a glance, on average, the food sector grew 0.2% in October. The main products contributing to the increase were imported lettuce (+6.0%), green peppers (+4.3%) and eggs (+3.1%).

The transportation and foreign travel sector continued to be the main contributor to the 12-month rise in the CPI (+13.9%).

On average, annual increases were reported in the cost of hotel rooms abroad (+35.4%) and air fares (+28.6%). Premium and flex fuel prices increased by 16.5% and 15.3%, respectively.

The education, recreation, entertainment and reading (+2.1%) and health and personal care (+1.7%) sectors also had an impact on the annual inflation rate .

Between September 2021 and October 2021, the average cost of goods and services increased by 0.6%.

Other areas of note in the October 2021 CPI can be found in the attachment or the online report at

Every month, the government measures the annual inflation rate and the monthly inflation rate.

Year-over-year changes reflect changes from the same month last year. Monthly changes reflect month-to-month changes.

In October 2021, consumers paid 2.5% more than in October 2020 for a basket of goods and services (Photograph by Mario Proenca/Bloomberg)