In October, consumer prices in Suriname experienced another upward surge, according to the latest data from the General Bureau of Statistics (ABS). The Consumer Price Index (CPI) for the month reached approximately 214 points, marking an increase compared to September. This rise reflects a 1.7% month-on-month inflation rate, while year-on-year inflation from October 2024 to October 2025 stood at a significant 11.9%. Although the pace of price increases has moderated compared to previous years, inflationary pressures remain a persistent challenge for households. Key drivers of this trend include higher costs for food and beverages, rising transportation expenses, slight increases in energy and utility prices, and more expensive services. The October CPI surpassed all previous months, indicating that life has become more costly, inflation shows no signs of leveling off, and households continue to feel the strain despite stable exchange rates. Structural vulnerabilities, such as heavy reliance on imports, fluctuating fuel prices, limited local production, exchange rate pressures, and uncertain international markets, keep Suriname susceptible to price volatility. As monthly inflation persists, the risk of further short-term price hikes remains a pressing concern.
