St. Vincent and the Grenadines - Inflation, consumer prices (annual %) 1975 - 2022
St. Vincent and the Grenadines's inflation, consumer prices (annual %) is currently 5.66%, according to the most recent World Bank data for the country (2022).
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.- St. Vincent and the Grenadines's inflation, consumer prices (annual %) for 2022 was 5.66%, a 259.89% increase from 2021, with a +4 difference.
- In 2021 it was 1.573%, a 350.38% increase from 2020, with a +2 difference.
- In 2020 it was -0.628%, a -168.79% increase from 2019.
- In 2019 it was 0.913%, a -60.71% increase from 2018.
- In 2018 it was 2.324%, a 7.93% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for St. Vincent and the Grenadines is currently 3.8899% (average of years with recorded data) with a lowest recorded value of -1.7336% in 2015 and a highest value of 17.2075% in 1980.
St. Vincent and the Grenadines's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1975 | 6.798% | |
| 1976 | 11.289% | 66.07% |
| 1977 | 10.187% | -9.76% |
| 1978 | 8.43% | -17.25% |
| 1979 | 15.608% | 85.16% |
| 1980 | 17.207% | 10.24% |
| 1981 | 12.736% | -25.99% |
| 1982 | 7.228% | -43.24% |
| 1983 | 5.458% | -24.49% |
| 1984 | 2.702% | -50.50% |
| 1985 | 2.14% | -20.81% |
| 1986 | 1.028% | -51.97% |
| 1987 | 3.306% | 221.69% |
| 1988 | 0.227% | -93.13% |
| 1989 | 2.834% | 1,147.17% |
| 1990 | 7.606% | 168.39% |
| 1991 | 5.492% | -27.79% |
| 1992 | 3.464% | -36.94% |
| 1993 | 4.291% | 23.90% |
| 1994 | 1.009% | -76.49% |
| 1995 | 1.738% | 72.30% |
| 1996 | 4.408% | 153.56% |
| 1997 | 0.444% | -89.94% |
| 1998 | 2.142% | 382.94% |
| 1999 | 1.014% | -52.69% |
| 2000 | 0.168% | -83.46% |
| 2001 | 0.901% | 437.25% |
| 2002 | 1.856% | 105.97% |
| 2003 | 0.206% | -88.90% |
| 2004 | 2.96% | 1,337.04% |
| 2005 | 3.733% | 26.13% |
| 2006 | 2.741% | -26.59% |
| 2007 | 7.236% | 164.03% |
| 2008 | 10.066% | 39.11% |
| 2009 | 0.422% | -95.81% |
| 2010 | 0.747% | 77.23% |
| 2011 | 3.186% | 326.45% |
| 2012 | 2.598% | -18.44% |
| 2013 | 0.805% | -69.02% |
| 2014 | 0.194% | -75.92% |
| 2015 | -1.734% | -994.27% |
| 2016 | -0.15% | 91.37% |
| 2017 | 2.153% | 1,539.00% |
| 2018 | 2.324% | 7.93% |
| 2019 | 0.913% | -60.71% |
| 2020 | -0.628% | -168.79% |
| 2021 | 1.573% | 350.38% |
| 2022 | 5.66% | 259.89% |
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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, St. Vincent and the Grenadines comes in 20th with 5.66% inflation, consumer prices (annual %).
- Within the same region, Uruguay comes in 10th with 9.104%, inflation, consumer prices (annual %).
- Honduras comes in 11th with 9.09%.
- Dominican Republic comes in 12th with 8.811%.
- Peru comes in 13th with 8.334%.
- Costa Rica comes in 14th with 8.275%.
- Mexico comes in 15th with 7.896%.
- Antigua and Barbuda comes in 16th with 7.531%.
- El Salvador comes in 17th with 7.199%.
- Guatemala comes in 18th with 6.885%.
- St. Lucia comes in 19th with 6.378%.
- Bahamas, The comes in 21st with 5.605%.
- 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%.
- And Sint Maarten (Dutch part) comes in 30th with 2.192%, 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, St. Vincent and the Grenadines comes in 36th with 5.66% inflation, consumer prices (annual %).
- Within the same income group, Kazakhstan comes in 26th with 8.042%, inflation, consumer prices (annual %).
- Mexico comes in 27th with 7.896%.
- El Salvador comes in 28th with 7.199%.
- South Africa comes in 29th with 7.04%.
- Guatemala comes in 30th with 6.885%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- 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%.
- And Maldives comes in 46th with 2.333%, 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 |