National
Inflation Could Increase Before Tapering Off
NASSAU, BAHAMAS – It doesn’t look like The Bahamas will see the end of inflation anytime soon.
NASSAU, BAHAMAS – It doesn’t look like The Bahamas will see the end of inflation anytime soon.
Central Bank Governor John Rolle says it’s tough to say if inflation will heat up or cool down in the coming months.
Inflation has increased as a result of the war in Ukraine and supply chain issues, making items across the globe more expensive and leading to a loss in purchasing power. For residents, that means a dollar will not go as far tomorrow as it did today.
The Central Bank Governor says it also continues to be bad news for local businesses.
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