Inflation Barbados 2021
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.6%. The lowest inflation was in March at 1.1%.
- Highest month
- September: 5.6%
- Lowest month
- March: 1.1%
- Difference
- 4.5 percentage points
- Months with data
- 10 of 12
Category Insights
The highest price increase was in Energy with an average of 5.4%. The lowest price increase was in Food with an average of 3.4%.
- Highest increase
- Energy: 5.4%
- Lowest increase
- Food: 3.4%
Historical Context
Current inflation is around the 5-year average of 3.7%.
- 5-year average
- 3.7%
- 10-year average
- 2.7%
- All-time high (2011)
- 9.4%
- All-time low (2015)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+0.6 percentage point).
- Change vs. previous year
- +0.6 percentage points
- Largest monthly swing
- January: -6.0 percentage points
ECB Target
Inflation is 1.4% 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 €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 1.7% | -6.0 |
| March | 1.1% | -3.2 |
| May | 1.5% | -1.5 |
| June | 2.9% | +0.5 |
| July | 3.7% | +1.8 |
| August | 3.2% | +1.2 |
| September | 5.6% | +5.0 |
| October | 4.4% | +3.1 |
| November | 4.6% | +2.6 |
| December | 5.0% | +3.7 |
| Average | 3.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.