Inflation Antigua and Barbuda 2023
Average inflation: 5.1%
Current Inflation
Inflation is very high at 5.1%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 7.7%. The lowest inflation was in June at 2.8%.
- Highest month
- April: 7.7%
- Lowest month
- June: 2.8%
- Difference
- 4.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.1%. The lowest price increase was in Food with an average of 7.1%.
- Highest increase
- Food: 7.1%
- Lowest increase
- Food: 7.1%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 2.2%
- All-time high (2022)
- 7.5%
- All-time low (2016)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.4 percentage point.
- Change vs. previous year
- -2.4 percentage points
- Largest monthly swing
- June: -7.7 percentage points
ECB Target
Inflation is 3.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 6.9% | +4.0 |
| February | 5.9% | +1.4 |
| March | 4.6% | -1.5 |
| April | 7.7% | +0.5 |
| May | 5.4% | -2.4 |
| June | 2.8% | -7.7 |
| July | 5.0% | -3.5 |
| August | 6.6% | -1.7 |
| September | 5.6% | -3.0 |
| October | 4.0% | -3.7 |
| November | 3.3% | -5.5 |
| December | 3.3% | -5.9 |
| Average | 5.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.