Aruba’s Minister of Finance, Economic Affairs, and the Primary Sector, Geoffrey Wever, has outlined the government’s expectations regarding inflation and the development of the Consumer Price Index (CPI) for 2025.
The CPI measures the average change in prices of a basket of goods and services paid by consumers. The Central Bureau of Statistics (CBS) publishes monthly updates on price level developments but does not issue inflation forecasts.
Inflation projections are published by the Department of Economic Affairs, Trade and Industry (DEZHI) through its Economic Outlook, which is released twice a year. Based on its economic analyses, DEZHI also provides expectations for inflation.
At the end of 2024, DEZHI projected an inflation rate of 1.7% for 2025. In May 2025, this projection was adjusted to 1.9%, reflecting updated local and international data. However, in the Economic Outlook 2025–2027, published by DEZHI, a revised analysis on page 16 indicates a projected inflation rate of -0.1% for 2025.
CBS data for October 2025 shows that consumers experienced an inflation rate of 0.2%. Official figures also indicate that since Aruba recorded a 5.5% inflation rate in 2022, price levels for goods and services have decreased significantly by 2025.
Based on CBS data, international developments — such as declining global oil prices and their positive impact on gasoline and diesel prices — as well as local measures, including the reduction of excise taxes on gasoline and diesel effective May 1, 2025, DEZHI now anticipates a -0.1% inflation rate, which would place Aruba in a period of deflation.
Price levels have a direct impact on the purchasing power of residents. For this reason, the government closely monitors CBS’s monthly inflation publications. Minister Wever emphasized that Aruba, as an import-dependent island, is also affected by imported inflation. The reduction of fuel excise taxes is one of the economic policy tools used by the AVP–Futuro Cabinet to mitigate the impact of international price fluctuations on the local economy.
Minister Wever expressed his appreciation to CBS for its consistent monthly reporting and encouraged the public to visit www.cbs.aw for detailed and official statistical information.
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