Inflation Bahamas 2022
Average inflation: 5.6%
Current Inflation
Inflation is very high at 5.6%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 7.1%. The lowest inflation was in January at 3.8%.
- Highest month
- July: 7.1%
- Lowest month
- January: 3.8%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.3%. The lowest price increase was in Energy with an average of 3.3%.
- Highest increase
- Energy: 3.3%
- Lowest increase
- Energy: 3.3%
Historical Context
Current inflation is 2.9% higher than the 5-year average of 2.7%. This approaches the highest level since records began (5.6% in 2022).
- 5-year average
- 2.7%
- 10-year average
- 1.9%
- All-time high (2022)
- 5.6%
- All-time low (2016)
- -0.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.7 percentage point.
- Change vs. previous year
- +2.7 percentage points
- Largest monthly swing
- July: +3.7 percentage points
ECB Target
Inflation is 3.6% 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 €105.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.8% | +3.0 |
| February | 3.8% | +2.4 |
| March | 4.7% | +3.3 |
| April | 5.2% | +2.5 |
| May | 5.5% | +3.1 |
| June | 6.2% | +3.5 |
| July | 7.1% | +3.7 |
| August | 6.3% | +2.5 |
| September | 6.5% | +2.4 |
| October | 6.5% | +2.7 |
| November | 6.0% | +1.8 |
| December | 5.5% | +1.4 |
| Average | 5.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.