Consumer prices in the Cayman Islands decreased by 1 percent in the first quarter of 2021 compared to 0.70 percent fall in the fourth quarter of 2020. source: The Economics & Statistics Office

Inflation Rate in Cayman Islands averaged 1.84 percent from 2001 until 2021, reaching an all time high of 11.40 percent in the first quarter of 2005 and a record low of -3.60 percent in the second quarter of 2015. This page provides - Cayman Islands Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands Inflation Rate - values, historical data and charts - was last updated on October of 2021.

Inflation Rate in Cayman Islands is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Inflation Rate is projected to trend around 2.60 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Cayman Islands Inflation Rate

Cayman Islands Last Unit Reference Previous Highest Lowest
Inflation Rate -1.00 percent Mar/21 -0.70 11.40 -3.60

Cayman Islands Inflation Rate
In Cayman Islands, the most important category in the consumer price index is Housing and Utilities (39.4 percent of total weight). Miscellaneous Goods and Services accounts for 13 percent; Transport for 9.6 percent; Food and Non-Alcoholic Beverages for 8 percent; Communication for 7 percent and Furniture, Household Goods and Maintenance for 5.6 percent. Recreation and Culture; Restaurants and Hotels; Clothing and Footwear; Education; Health and Alcoholic beverages and Tobacco account for the remaining 17.4 percent of total weight.