Current inflation Barbados -2.3%
November 2024
Current Inflation
There is deflation with consumer prices declining by 0.2%.
Historical Context
Current inflation is 5.3% lower than the 5-year average of 5.1%.
- 5-year average
- 5.1%
- 10-year average
- 3.8%
- All-time high (2023)
- 9.9%
- All-time low (2015)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +10.1 percentage point.
ECB Target
Inflation is 2.2% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.80 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- -0.2%
- Last year
- 9.9%
- 5-year average
- -0.2%
- All-time high (2023)
- 9.9%