Inflation lower on Bonaire, higher on St. Eustatius and Saba

24/07/2024 15:30

Consumer goods and services on Bonaire were 2.5 percent more expensive in Q2 2024 than one year previously. Inflation was therefore down from Q1 2024, when it stood at 3.4 percent. Statistics Netherlands (CBS) reports this on the basis of the consumer price index for the Caribbean Netherlands.

On St Eustatius, prices rose by 2.5 percent in Q2 2024, year on year, while in Q1 2024 they fell by 0.4 percent. Inflation on Saba was 2.0 percent in Q2 2024, compared with 1.9 percent in Q1.

Inflation, Caribbean Netherlands
Jaar	Kwartaal	Bonaire (% change in CPI relative to one year earlier)	St Eustatius (% change in CPI relative to one year earlier)	Saba (% change in CPI relative to one year earlier)
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	0.2	-0.3
2017	Q1	0.1	1.1	-1.0
2017	Q2	0.4	2.6	-1.0
2017	Q3	0.6	2.1	-1.3
2017	Q4	1.2	1.8	2.5
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
2022	Q4	8.1	9.1	9.7
2023	Q1	4.5	8.0	7.0
2023	Q2	4.6	3.3	5.2
2023	Q3	1.9	0.0	2.8
2023	Q4	4.1	-1.4	1.2
2024	Q1	3.4	-0.4	1.9
2024	Q2	2.5	2.5	2.0

Inflation, Caribbean Netherlands
Jaar	Kwartaal	Bonaire (% change in CPI relative to one year earlier)	St Eustatius (% change in CPI relative to one year earlier)	Saba (% change in CPI relative to one year earlier)
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	0.2	-0.3
2017	Q1	0.1	1.1	-1.0
2017	Q2	0.4	2.6	-1.0
2017	Q3	0.6	2.1	-1.3
2017	Q4	1.2	1.8	2.5
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
2022	Q4	8.1	9.1	9.7
2023	Q1	4.5	8.0	7.0
2023	Q2	4.6	3.3	5.2
2023	Q3	1.9	0.0	2.8
2023	Q4	4.1	-1.4	1.2
2024	Q1	3.4	-0.4	1.9
2024	Q2	2.5	2.5	2.0

Prices on Bonaire up by 1.0 percent over previous quarter

Prices on Bonaire were up by 1.0 percent in Q2 compared to Q1. There were price increases in several product groups. Average prices for toiletries rose by 8.1 percent relative to Q1 2024, for instance. Petrol was also 6.7 percent more expensive in Q2. Prices of food products rose by 0.9 percent in Q2, with fresh vegetables in particular getting more expensive. On the other hand, the average price of airline tickets was 6.8 percent lower than in Q1 2024, which had a downward effect on inflation.

Prices on St Eustatius up by 2.0 percent over previous quarter

On St Eustatius, consumer prices rose by 2.0 percent in Q2 2024 relative to Q1. Prices for transport were up in Q2, for example, with airline tickets 8.9 percent more expensive than in the previous quarter. Boat tickets rose by 28.4 percent. Several other product groups such as furniture, toiletries and telephone and internet services also rose in price. Finally, petrol prices were up by 1.0 percent relative to the previous quarter.

Prices on Saba up by 1.2 percent over previous quarter

On Saba, prices rose by 1.2 percent in Q2 2024 compared with the previous quarter. Various goods and services became more expensive: the price of toiletries and personal care products rose by 5.9 percent and 4.5 percent, respectively, compared with Q1 2024. The average price of furniture and floor coverings also rose by 2.6 percent compared to Q1. Prices for home maintenance and repair products fell slightly by 2.3 percent in Q2. The increase in inflation in Q2 was dampened by airfares, which normally rise in Q2 but remained stable this year.

Consumer price index (CPI), Caribbean Netherlands
Jaar	Kwartaal	Bonaire (2017 = 100)	St Eustatius (2017 = 100)	Saba (2017 = 100)
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
2022	Q4	115.0	111.3	116.5
2023	Q1	116.0	111.8	116.5
2023	Q2	118.2	110.9	117.7
2023	Q3	119.4	110.3	118.7
2023	Q4	119.7	109.8	117.9
2024	Q1	119.9	111.4	118.7
2024	Q2	121.2	113.6	120.1

Consumer price index (CPI), Caribbean Netherlands
Jaar	Kwartaal	Bonaire (2017 = 100)	St Eustatius (2017 = 100)	Saba (2017 = 100)
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
2022	Q4	115.0	111.3	116.5
2023	Q1	116.0	111.8	116.5
2023	Q2	118.2	110.9	117.7
2023	Q3	119.4	110.3	118.7
2023	Q4	119.7	109.8	117.9
2024	Q1	119.9	111.4	118.7
2024	Q2	121.2	113.6	120.1

Provisional figures

The figures for Q2 2024 are provisional and will become definitive upon publication of the figures for the next quarter, Q3 2024. The preliminary figures for Q1 2024 have been adjusted for all islands due to new data on health and miscellaneous goods and services within the COICOP (Classification of Individual Consumption by Purpose) system. In addition, in the case of St Eustatius changes have been made in the index for transport due to changes resulting from the final analysis and processing of data.

Papiamentu

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