Current inflation Dominica 4.2%
January 2024
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
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).
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 4.2%
- Last year
- 1.5%
- 5-year average
- 4.2%
- All-time high (2022)
- 5.2%