Inflation Dominica 2024
Average inflation: 4.2%
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.2%. The lowest inflation was in January at 4.2%.
- Highest month
- January: 4.2%
- Lowest month
- January: 4.2%
- Difference
- 0.0 percentage points
- Months with data
- 1 of 12
Category Insights
The highest price increase was in Energy with an average of -4.1%. The lowest price increase was in Energy with an average of -4.1%.
- Highest increase
- Energy: -4.1%
- Lowest increase
- Energy: -4.1%
Historical Context
Current inflation is 1.4% higher than the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2%
- All-time high (2022)
- 5.2%
- All-time low (2015)
- -0.8%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+2.7 percentage point).
- Change vs. previous year
- +2.7 percentage points
- Largest monthly swing
- January: +0.1 percentage points
ECB Target
Inflation is 2.2% 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 €104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.2% | +0.1 |
| Average | 4.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.