Inflation Barbados 2017
Average inflation: 4.7%
Current Inflation
Inflation is high at 4.7%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 7.4%. The lowest inflation was in July at 2.1%.
- Highest month
- October: 7.4%
- Lowest month
- July: 2.1%
- Difference
- 5.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.3%. The lowest price increase was in Energy with an average of 3.5%.
- Highest increase
- Food: 6.3%
- Lowest increase
- Energy: 3.5%
Historical Context
Current inflation is 3.0% higher than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 3.2%
- All-time high (2011)
- 9.4%
- All-time low (2015)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +3.4 percentage point.
- Change vs. previous year
- +3.4 percentage points
- Largest monthly swing
- January: +6.5 percentage points
ECB Target
Inflation is 2.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 4.9% | +6.5 |
| February | 5.2% | +6.0 |
| March | 4.9% | +4.9 |
| April | 3.7% | +3.9 |
| May | 2.2% | +0.7 |
| June | 2.7% | +1.9 |
| July | 2.1% | -0.5 |
| August | 4.1% | +2.0 |
| September | 4.8% | +2.4 |
| October | 7.4% | +5.4 |
| November | 6.8% | +3.5 |
| December | 7.2% | +4.0 |
| Average | 4.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.