The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate.
The index stood at 125.38 in February. Compared to 2021, this is an increase of 4.7%. This is the largest year over year increase seen in the CPI since January 2010, when it increased by 4.9%. The average increase seen in the CPI during 2019 was 0.1%. This is the 20th consecutive month with an increase relative to the previous month.
