Inflation Grenada 2006
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 6.1%. The lowest inflation was in December at 1.7%.
- Highest month
- January: 6.1%
- Lowest month
- December: 1.7%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 7.1%. The lowest price increase was in Food with an average of 5.6%.
- Highest increase
- Energy: 7.1%
- Lowest increase
- Food: 5.6%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 2.7%. This approaches the highest level since records began (4.3% in 2006).
- 5-year average
- 2.7%
- 10-year average
- 2.7%
- All-time high (2006)
- 4.3%
- All-time low (2002)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2005, inflation has risen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- December: -4.5 percentage points
ECB Target
Inflation is 2.3% 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 €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 6.1% | +3.6 |
| February | 5.7% | +3.0 |
| March | 5.0% | +3.2 |
| April | 5.2% | +3.4 |
| May | 5.2% | +3.1 |
| June | 4.8% | +1.9 |
| July | 5.0% | +2.0 |
| August | 4.6% | +1.3 |
| September | 3.9% | -0.1 |
| October | 2.1% | -3.6 |
| November | 2.2% | -3.6 |
| December | 1.7% | -4.5 |
| Average | 4.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.