Inflation Bahamas 2023
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.8%. The lowest inflation was in December at 1.9%.
- Highest month
- January: 4.8%
- Lowest month
- December: 1.9%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.1%. The lowest price increase was in Energy with an average of 5.1%.
- Highest increase
- Energy: 5.1%
- Lowest increase
- Energy: 5.1%
Historical Context
Current inflation is around the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2.1%
- All-time high (2022)
- 5.6%
- All-time low (2016)
- -0.3%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-2.5 percentage point).
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- July: -4.9 percentage points
ECB Target
Inflation is 1.1% 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 €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.8% | +1.0 |
| February | 4.6% | +0.8 |
| March | 4.1% | -0.6 |
| April | 4.0% | -1.2 |
| May | 3.6% | -1.9 |
| June | 3.1% | -3.1 |
| July | 2.2% | -4.9 |
| August | 2.3% | -4.0 |
| September | 2.2% | -4.3 |
| October | 2.0% | -4.5 |
| November | 2.0% | -4.0 |
| December | 1.9% | -3.6 |
| Average | 3.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.