Inflation Grenada 2016
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in August at 3.0%. The lowest inflation was in September at 0.9%.
- Highest month
- August: 3.0%
- Lowest month
- September: 0.9%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -1.2%. The lowest price increase was in Food with an average of -2.4%.
- Highest increase
- Energy: -1.2%
- Lowest increase
- Food: -2.4%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 0.5%.
- 5-year average
- 0.5%
- 10-year average
- 2.1%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation shows an upward trend. Compared to 2015, inflation has risen by +2.1 percentage point.
- Change vs. previous year
- +2.1 percentage points
- Largest monthly swing
- August: +4.7 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 1.6% | +3.0 |
| February | 1.4% | +2.9 |
| March | 1.6% | +2.6 |
| April | 1.4% | +2.1 |
| May | 1.3% | +1.9 |
| June | 2.7% | +3.9 |
| July | 2.6% | +4.0 |
| August | 3.0% | +4.7 |
| September | 0.9% | +0.3 |
| October | 1.0% | +0.3 |
| November | 1.2% | +0.4 |
| December | 0.9% | -0.2 |
| Average | 1.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.