Inflation Grenada 2017
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 1.7%. The lowest inflation was in June at 0.4%.
- Highest month
- February: 1.7%
- Lowest month
- June: 0.4%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.6%. The lowest price increase was in Food with an average of 0.6%.
- Highest increase
- Energy: 0.6%
- Lowest increase
- Food: 0.6%
Historical Context
Current inflation is 0.7% higher than the 5-year average of 0.2%.
- 5-year average
- 0.2%
- 10-year average
- 1.8%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by -0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- June: -2.3 percentage points
ECB Target
Inflation is 1.1% 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 €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 1.3% | -0.3 |
| February | 1.7% | +0.3 |
| March | 1.5% | -0.1 |
| April | 1.2% | -0.2 |
| May | 1.0% | -0.3 |
| June | 0.4% | -2.3 |
| July | 0.5% | -2.1 |
| August | 0.7% | -2.3 |
| September | 0.6% | -0.3 |
| October | 0.6% | -0.4 |
| November | 0.8% | -0.4 |
| December | 0.5% | -0.4 |
| Average | 0.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.