Inflation Dominica 2023
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 4.1%. The lowest inflation was in June at -5.3%.
- Highest month
- January: 4.1%
- Lowest month
- June: -5.3%
- Difference
- 9.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -1.6%. The lowest price increase was in Energy with an average of -1.6%.
- Highest increase
- Energy: -1.6%
- Lowest increase
- Energy: -1.6%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 1.7%
- All-time high (2022)
- 5.2%
- All-time low (2015)
- -0.8%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-3.7 percentage point).
- Change vs. previous year
- -3.7 percentage points
- Largest monthly swing
- June: -16.8 percentage points
ECB Target
Inflation is 0.5% 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 €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.1% | +1.5 |
| February | 3.3% | +0.5 |
| March | 1.9% | -1.7 |
| April | 0.6% | -4.6 |
| May | 0.5% | -4.9 |
| June | -5.3% | -16.8 |
| July | 1.2% | -4.1 |
| August | 0.1% | -5.8 |
| September | 2.2% | -3.9 |
| October | 2.6% | -3.1 |
| November | 3.6% | -0.8 |
| December | 3.8% | +0.2 |
| Average | 1.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.