USVI BUREAU OF ECONOMIC RESEARCH 2021 CONSUMER PRICE INDEX

Collection: Government Financials
Date: 2021
Type: Financial Report

1 USVI BUREAU OF ECONOMIC RESEARCH 2021 CONSUMER PRICE INDEX HIGHLIGHTS  The Consumer Price Index rose 8.6% on an annual average in 2021, following an increase of 5.7% in 2020. Major Contributors to Inflation in 2021  Among the nine major components, food inflation was 10.6% from 5.7% in 2020.  Housing decreased 7.5% in 2021 from 7.6% in 2020.  2021 Prices for other goods and services (6.6%).  Education prices declined -1.9%, the lone component to fall in the past year. Higher prices in all islands  2021 Inflation rates rose fastest in St. Thomas (10.6%), followed by St. Croix (10.3%). Price growth among the islands was the slowest in St. John (4.8%). 2021 ALL-ITEMS INFLATION Comparison is based on the 12-month average of the Consumer Price Index (CPI) INFLATION THE USVI REACHES THE HIGHEST RATE SINCE 2010 U.S. Virgin Islands’ consumer prices surged over the past 12 months, with inflation—measured as the year-on- year change in the consumer price index—reaching 8.6 percent in 2021 from 5.7 percent in 2020. …

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