Grenada - Inflation, consumer prices (annual %) 1977 - 2021
Grenada's inflation, consumer prices (annual %) is currently 1.22%, according to the most recent World Bank data for the country (2021).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Grenada's inflation, consumer prices (annual %) for 2021 was 1.22%, a 264.64% increase from 2020, with a +1 difference.
- In 2020 it was -0.741%, a -223.84% increase from 2019, with a -2 difference.
- In 2019 it was 0.598%, a -25.61% increase from 2018.
- In 2018 it was 0.804%, a -11.49% increase from 2017.
- In 2017 it was 0.908%, a -44.95% increase from 2016.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Grenada is currently 4.3157% (average of years with recorded data) with a lowest recorded value of -0.9836% in 2014 and a highest value of 21.8214% in 1980.
Grenada's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1977 | 18.457% | |
| 1978 | 18.135% | -1.74% |
| 1979 | 20.883% | 15.15% |
| 1980 | 21.821% | 4.49% |
| 1981 | 18.787% | -13.90% |
| 1982 | 7.813% | -58.42% |
| 1983 | 6.095% | -21.98% |
| 1984 | 5.66% | -7.15% |
| 1985 | 2.501% | -55.80% |
| 1986 | 0.557% | -77.73% |
| 1987 | -0.872% | -256.59% |
| 1988 | 4% | 558.54% |
| 1989 | 5.593% | 39.82% |
| 1990 | 2.724% | -51.29% |
| 1991 | 2.645% | -2.92% |
| 1992 | 3.778% | 42.87% |
| 1993 | 2.809% | -25.67% |
| 1994 | 3.771% | 34.25% |
| 1995 | 1.869% | -50.44% |
| 1996 | 2.032% | 8.75% |
| 1997 | 1.245% | -38.76% |
| 1998 | 1.378% | 10.70% |
| 1999 | 0.577% | -58.09% |
| 2000 | 2.182% | 277.85% |
| 2001 | 3.141% | 43.96% |
| 2002 | 1.067% | -66.02% |
| 2003 | 2.155% | 101.92% |
| 2004 | 2.313% | 7.33% |
| 2005 | 3.476% | 50.28% |
| 2006 | 4.252% | 22.33% |
| 2007 | 3.859% | -9.25% |
| 2008 | 8.033% | 108.18% |
| 2009 | -0.309% | -103.84% |
| 2010 | 3.437% | 1,213.38% |
| 2011 | 3.033% | -11.73% |
| 2012 | 2.411% | -20.53% |
| 2013 | -0.044% | -101.83% |
| 2014 | -0.984% | -2,135.47% |
| 2015 | -0.515% | 47.60% |
| 2016 | 1.65% | 420.19% |
| 2017 | 0.908% | -44.95% |
| 2018 | 0.804% | -11.49% |
| 2019 | 0.598% | -25.61% |
| 2020 | -0.741% | -223.84% |
| 2021 | 1.22% | 264.64% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Grenada comes in 33rd with 1.22% inflation, consumer prices (annual %).
- Within the same region, Aruba comes in 23rd with 4.257%, inflation, consumer prices (annual %).
- Barbados comes in 24th with 4.1%.
- Ecuador comes in 25th with 3.466%.
- Belize comes in 26th with 3.236%.
- Panama comes in 27th with 2.857%.
- St. Kitts and Nevis comes in 28th with 2.667%.
- Curacao comes in 29th with 2.622%.
- Sint Maarten (Dutch part) comes in 30th with 2.192%.
- Trinidad and Tobago comes in 31st with 2.059%.
- Bolivia comes in 32nd with 1.746%.
- Cayman Islands comes in 34th with -0.625%.
- And Dominica comes in 35th with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Grenada comes in 49th with 1.22% inflation, consumer prices (annual %).
- Within the same income group, Fiji comes in 39th with 4.52%, inflation, consumer prices (annual %).
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- West Bank and Gaza comes in 48th with 1.237%.
- Tuvalu comes in 50th with 0.501%.
- And Dominica comes in 51st with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |