Inflation Barbados 2018
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 6.4%. The lowest inflation was in October at 0.2%.
- Highest month
- February: 6.4%
- Lowest month
- October: 0.2%
- Difference
- 6.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.1%. The lowest price increase was in Food with an average of 1.7%.
- Highest increase
- Energy: 6.1%
- Lowest increase
- Food: 1.7%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 3.3%
- All-time high (2011)
- 9.4%
- All-time low (2015)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by -1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- October: -7.2 percentage points
ECB Target
Inflation is 1.7% 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 €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 5.3% | +0.4 |
| February | 6.4% | +1.2 |
| March | 6.2% | +1.3 |
| April | 5.6% | +1.9 |
| May | 5.1% | +2.9 |
| June | 5.5% | +2.8 |
| July | 4.9% | +2.8 |
| August | 2.7% | -1.4 |
| September | 1.5% | -3.3 |
| October | 0.2% | -7.2 |
| November | 0.8% | -6.0 |
| December | 0.6% | -6.6 |
| Average | 3.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.