Trinidad and Tobago - Inflation, consumer prices (annual %) 1960 - 2021
Trinidad and Tobago's inflation, consumer prices (annual %) is currently 2.06%, 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.- Trinidad and Tobago's inflation, consumer prices (annual %) for 2021 was 2.059%, a 243.79% increase from 2020, with a +1 difference.
- In 2020 it was 0.599%, a -40.13% increase from 2019, with a -1 difference.
- In 2019 it was 1.001%, a -1.77% increase from 2018.
- In 2018 it was 1.019%, a -45.83% increase from 2017.
- In 2017 it was 1.88%, a -38.76% increase from 2016.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Trinidad and Tobago is currently 7.0783% (average of years with recorded data) with a lowest recorded value of 0.599% in 2020 and a highest value of 22.025% in 1974.
Trinidad and Tobago's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 2.08% | |
| 1961 | 1.523% | -26.79% |
| 1962 | 2.983% | 95.92% |
| 1963 | 3.761% | 26.07% |
| 1964 | 0.864% | -77.03% |
| 1965 | 1.782% | 106.25% |
| 1966 | 4.094% | 129.81% |
| 1967 | 2.136% | -47.82% |
| 1968 | 8.232% | 285.35% |
| 1969 | 2.435% | -70.42% |
| 1970 | 2.524% | 3.64% |
| 1971 | 3.531% | 39.90% |
| 1972 | 9.301% | 163.41% |
| 1973 | 14.811% | 59.24% |
| 1974 | 22.025% | 48.71% |
| 1975 | 16.979% | -22.91% |
| 1976 | 10.692% | -37.03% |
| 1977 | 11.745% | 9.84% |
| 1978 | 10.257% | -12.67% |
| 1979 | 14.722% | 43.54% |
| 1980 | 17.47% | 18.67% |
| 1981 | 14.332% | -17.96% |
| 1982 | 11.635% | -18.82% |
| 1983 | 15.175% | 30.43% |
| 1984 | 13.335% | -12.13% |
| 1985 | 7.623% | -42.84% |
| 1986 | 7.694% | 0.93% |
| 1987 | 10.752% | 39.75% |
| 1988 | 7.758% | -27.84% |
| 1989 | 11.432% | 47.35% |
| 1990 | 11.064% | -3.22% |
| 1991 | 3.783% | -65.81% |
| 1992 | 6.44% | 70.23% |
| 1993 | 10.835% | 68.25% |
| 1994 | 8.815% | -18.65% |
| 1995 | 5.182% | -41.21% |
| 1996 | 3.405% | -34.30% |
| 1997 | 3.626% | 6.51% |
| 1998 | 5.613% | 54.79% |
| 1999 | 3.439% | -38.73% |
| 2000 | 3.555% | 3.38% |
| 2001 | 5.537% | 55.72% |
| 2002 | 4.15% | -25.04% |
| 2003 | 3.811% | -8.17% |
| 2004 | 3.722% | -2.35% |
| 2005 | 6.875% | 84.72% |
| 2006 | 8.33% | 21.17% |
| 2007 | 7.894% | -5.22% |
| 2008 | 12.03% | 52.39% |
| 2009 | 6.978% | -42.00% |
| 2010 | 10.549% | 51.18% |
| 2011 | 5.107% | -51.59% |
| 2012 | 9.26% | 81.32% |
| 2013 | 5.2% | -43.85% |
| 2014 | 5.684% | 9.32% |
| 2015 | 4.661% | -18.00% |
| 2016 | 3.071% | -34.12% |
| 2017 | 1.88% | -38.76% |
| 2018 | 1.019% | -45.83% |
| 2019 | 1.001% | -1.77% |
| 2020 | 0.599% | -40.13% |
| 2021 | 2.059% | 243.79% |
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Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Trinidad and Tobago comes in 31st with 2.059% inflation, consumer prices (annual %).
- Within the same region, Bahamas, The comes in 21st with 5.605%, inflation, consumer prices (annual %).
- Guyana comes in 22nd with 5.033%.
- Aruba comes in 23rd with 4.257%.
- 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%.
- Bolivia comes in 32nd with 1.746%.
- Grenada comes in 33rd with 1.22%.
- 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 High income Group.
Among countries in the same World Bank High income (HI) group, Trinidad and Tobago comes in 58th with 2.059% inflation, consumer prices (annual %).
- Within the same income group, Bahrain comes in 48th with 3.626%, inflation, consumer prices (annual %).
- Kuwait comes in 49th with 3.424%.
- Panama comes in 50th with 2.857%.
- Switzerland comes in 51st with 2.835%.
- Oman comes in 52nd with 2.812%.
- St. Kitts and Nevis comes in 53rd with 2.667%.
- Curacao comes in 54th with 2.622%.
- Japan comes in 55th with 2.498%.
- Saudi Arabia comes in 56th with 2.474%.
- Sint Maarten (Dutch part) comes in 57th with 2.192%.
- Hong Kong SAR, China comes in 59th with 1.881%.
- San Marino comes in 60th with 1.046%.
- Macao SAR, China comes in 61st with 1.045%.
- New Caledonia comes in 62nd with 0.578%.
- Nauru comes in 63rd with -0.125%.
- And Cayman Islands comes in 64th with -0.625%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |