Inflation Grenada 2007
Average inflation: 3.9%
Current Inflation
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 7.4%. The lowest inflation was in January at 1.6%.
- Highest month
- December: 7.4%
- Lowest month
- January: 1.6%
- Difference
- 5.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.7%. The lowest price increase was in Energy with an average of 4.0%.
- Highest increase
- Food: 6.7%
- Lowest increase
- Energy: 4.0%
Historical Context
Current inflation is 0.7% higher than the 5-year average of 3.2%. This approaches the highest level since records began (4.3% in 2006).
- 5-year average
- 3.2%
- 10-year average
- 2.9%
- All-time high (2006)
- 4.3%
- All-time low (2002)
- 1.1%
Trend
Inflation has remained relatively stable. Compared to 2006, the difference is minimal (-0.4 percentage point).
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- December: +5.7 percentage points
ECB Target
Inflation is 1.9% 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 €103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 1.6% | -4.5 |
| February | 1.9% | -3.8 |
| March | 2.8% | -2.2 |
| April | 2.6% | -2.6 |
| May | 2.5% | -2.7 |
| June | 3.3% | -1.5 |
| July | 3.0% | -2.0 |
| August | 4.3% | -0.3 |
| September | 5.3% | +1.4 |
| October | 5.3% | +3.2 |
| November | 6.2% | +4.0 |
| December | 7.4% | +5.7 |
| Average | 3.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.