Cost of food in Bermuda increased 2.70 percent in January of 2019 over the same month in the previous year. Food Inflation in Bermuda averaged 2.24 percent from 2015 until 2019, reaching an all time high of 3.70 percent in January of 2015 and a record low of 0.40 percent in April of 2017.
Food Inflation in Bermuda is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Bermuda to stand at 1.60 in 12 months time. In the long-term, the Bermuda Food Inflation is projected to trend around 2.70 percent in 2020, according to our econometric models.