The Caribbean Development Bank’s economic review of the BVI for 2018 has shown that the territory’s inflation rate increased higher than it has ever been in half-a-decade.
“Inflation ticketed up to 2.1
The CDB said general price increases were observed in housing and utilities, communications, food, and transportation.
“This partly reflected higher demand related to reconstruction activity,” the CDB said i the report published this month.
According to the report dubbed the British Virgin Islands Economic
The territory’s inflation rate shrunk to 0.9
It saw another marginal increase of 1.2
This arguably glaring increase comes a month after the CDB recorded an increase in real gross domestic product (GDP) for the territory for 2018.
As a lender, the CDB typically monitors the economy of its borrowing countries. The CDB loaned $65 million to the BVI for rehabilitation and reconstruction following the 2017
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