Inflation Bahamas 2024
Average inflation: 0.4%
Current Inflation
Inflation is very low at 0.4%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 2.8%. The lowest inflation was in November at -1.0%.
- Highest month
- March: 2.8%
- Lowest month
- November: -1.0%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.4%. The lowest price increase was in Energy with an average of 0.4%.
- Highest increase
- Energy: 0.4%
- Lowest increase
- Energy: 0.4%
Historical Context
Current inflation is 2.0% lower than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 2%
- All-time high (2022)
- 5.6%
- All-time low (2016)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- January: -3.5 percentage points
ECB Target
Inflation is 1.6% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 1.3% | -3.5 |
| February | 1.7% | -2.9 |
| March | 2.8% | -1.3 |
| April | 1.7% | -2.3 |
| May | 0.4% | -3.2 |
| June | 0.3% | -2.8 |
| July | -0.5% | -2.7 |
| August | -0.6% | -2.9 |
| September | -0.8% | -3.0 |
| October | -0.4% | -2.4 |
| November | -1.0% | -3.0 |
| December | 0.0% | -1.9 |
| Average | 0.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.