Inflation Grenada 2005
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 6.2%. The lowest inflation was in March at 1.8%.
- Highest month
- December: 6.2%
- Lowest month
- March: 1.8%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.4%. The lowest price increase was in Food with an average of 4.1%.
- Highest increase
- Energy: 9.4%
- Lowest increase
- Food: 4.1%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 2.3%. This approaches the highest level since records began (3.5% in 2005).
- 5-year average
- 2.3%
- 10-year average
- 2.3%
- All-time high (2005)
- 3.5%
- All-time low (2002)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2004, inflation has risen by +1.2 percentage point.
- Change vs. previous year
- +1.2 percentage points
- Largest monthly swing
- December: +3.7 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | 2.5% | +0.9 |
| February | 2.7% | +1.2 |
| March | 1.8% | -0.4 |
| April | 1.8% | -0.6 |
| May | 2.1% | -0.1 |
| June | 2.9% | +0.4 |
| July | 3.0% | +0.3 |
| August | 3.3% | +0.7 |
| September | 4.0% | +1.8 |
| October | 5.7% | +3.1 |
| November | 5.8% | +3.1 |
| December | 6.2% | +3.7 |
| Average | 3.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.