The Falkland Islands capital, Stanley Retail Price Index (RPI) indicated that the cost of living has dropped again in the last quarter of 2020 after a steady increase in the previous two quarters.
Contrary to what happens in the region, and for that matter in most of the world, inflation in the Falkland Islands is on target and the budget performance remains under spent with strong Capital projects carryover from previous budgets.
The Falkland Islands Government operating surplus now stands at over £38 million, Standing Finance Committee members were informed this week. The large surplus is due to favorable corporation tax receipts, and was arrived at by deducting operating costs of £68 million from the year’s income, which is £106 million.