Country Report Curaçao 4th Quarter 2017

Outlook for 2018-19: Inflation

Consumer prices will rise modestly in 2018-19, owing to higher food and fuel prices. However, economic weakness will prevent a marked upturn in consumer demand in and, combined with still-modest international oil prices, this will result in average inflation of 1.9% in 2018 and 2.5% in 2019. Prices have risen steadily in 2017 owing to elevated food and fuel costs. Price pressures will stabilise in the medium term as fuel, transport and communications costs return to normal, but food price increases will support modest inflation.

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