Inflation Grenada 2002
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in October at 2.3%. The lowest inflation was in May at -0.1%.
- Highest month
- October: 2.3%
- Lowest month
- May: -0.1%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of -0.5%. The lowest price increase was in Energy with an average of -0.9%.
- Highest increase
- Food: -0.5%
- Lowest increase
- Energy: -0.9%
Historical Context
Current inflation is around the 5-year average of 1.1%. This approaches the highest level since records began (1.1% in 2002).
- 5-year average
- 1.1%
- 10-year average
- 1.1%
- All-time high (2002)
- 1.1%
- All-time low (2002)
- 1.1%
Trend
ECB Target
Inflation is 0.9% 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 €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation |
|---|---|
| January | 0.1% |
| February | 0.0% |
| March | 0.2% |
| April | 0.0% |
| May | -0.1% |
| June | 1.2% |
| July | 1.1% |
| August | 1.2% |
| September | 2.2% |
| October | 2.3% |
| November | 2.3% |
| December | 2.3% |
| Average | 1.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.