Inflation Barbados 2020
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in January at 7.7%. The lowest inflation was in September at 0.6%.
- Highest month
- January: 7.7%
- Lowest month
- September: 0.6%
- Difference
- 7.1 percentage points
- Months with data
- 11 of 12
Category Insights
The highest price increase was in Food with an average of 7.6%. The lowest price increase was in Energy with an average of -1.9%.
- Highest increase
- Food: 7.6%
- Lowest increase
- Energy: -1.9%
Historical Context
Current inflation is 0.5% lower than the 5-year average of 3.3%.
- 5-year average
- 3.3%
- 10-year average
- 3.3%
- All-time high (2011)
- 9.4%
- All-time low (2015)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-1.3 percentage point).
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- January: +7.4 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 7.7% | +7.4 |
| February | 4.6% | +3.5 |
| March | 4.3% | +2.2 |
| May | 3.0% | -0.9 |
| June | 2.4% | -0.8 |
| July | 1.9% | -1.1 |
| August | 2.0% | -3.5 |
| September | 0.6% | -6.1 |
| October | 1.3% | -5.6 |
| November | 2.0% | -4.3 |
| December | 1.3% | -5.9 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.