Inflation Barbados 2022
Average inflation: 9.7%
Current Inflation
Inflation is very high at 9.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.5%. The lowest inflation was in January at 4.8%.
- Highest month
- December: 12.5%
- Lowest month
- January: 4.8%
- Difference
- 7.7 percentage points
- Months with data
- 11 of 12
Category Insights
The highest price increase was in Food with an average of 15.3%. The lowest price increase was in Energy with an average of 7.0%.
- Highest increase
- Food: 15.3%
- Lowest increase
- Energy: 7.0%
Historical Context
Current inflation is 5.0% higher than the 5-year average of 4.7%. This approaches the highest level since records began (9.7% in 2022).
- 5-year average
- 4.7%
- 10-year average
- 3.2%
- All-time high (2022)
- 9.7%
- All-time low (2015)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +6.3 percentage point.
- Change vs. previous year
- +6.3 percentage points
- Largest monthly swing
- May: +10.4 percentage points
ECB Target
Inflation is 7.7% 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 €109.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.8% | +3.1 |
| March | 9.3% | +8.2 |
| April | 10.8% | - |
| May | 11.9% | +10.4 |
| June | 11.5% | +8.6 |
| July | 11.3% | +7.6 |
| August | 8.5% | +5.3 |
| September | 6.6% | +1.0 |
| October | 8.4% | +4.0 |
| November | 11.3% | +6.7 |
| December | 12.5% | +7.5 |
| Average | 9.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.