Current inflation Antigua and Barbuda 5.6%
September 2024
Current Inflation
Inflation is very high at 6.4%, far above the ECB target.
Historical Context
Current inflation is 2.0% higher than the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 2.7%
- All-time high (2022)
- 7.5%
- All-time low (2016)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.3 percentage point.
ECB Target
Inflation is 4.4% 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 €106.40 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 6.4%
- Last year
- 5.1%
- 5-year average
- 6.4%
- All-time high (2022)
- 7.5%