Inflation Grenada 2003
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in May at 3.4%. The lowest inflation was in September at 1.2%.
- Highest month
- May: 3.4%
- Lowest month
- September: 1.2%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.7%. The lowest price increase was in Food with an average of 0.8%.
- Highest increase
- Energy: 2.7%
- Lowest increase
- Food: 0.8%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 1.7%. This approaches the highest level since records began (2.2% in 2003).
- 5-year average
- 1.7%
- 10-year average
- 1.7%
- All-time high (2003)
- 2.2%
- All-time low (2002)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2002, inflation has risen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- May: +3.5 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 2.5% | +2.4 |
| February | 2.9% | +2.9 |
| March | 3.0% | +2.8 |
| April | 3.1% | +3.1 |
| May | 3.4% | +3.5 |
| June | 1.9% | +0.7 |
| July | 1.9% | +0.8 |
| August | 2.1% | +0.9 |
| September | 1.2% | -1.0 |
| October | 1.2% | -1.1 |
| November | 1.2% | -1.1 |
| December | 1.6% | -0.7 |
| Average | 2.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.