Inflation Grenada 2019
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 1.2%. The lowest inflation was in December at 0.1%.
- Highest month
- January: 1.2%
- Lowest month
- December: 0.1%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 0.4%. The lowest price increase was in Energy with an average of 0.0%.
- Highest increase
- Food: 0.4%
- Lowest increase
- Energy: 0.0%
Historical Context
Current inflation is around the 5-year average of 0.7%.
- 5-year average
- 0.7%
- 10-year average
- 1.1%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-0.2 percentage point).
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- December: -1.3 percentage points
ECB Target
Inflation is 1.4% 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 €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 1.2% | +0.7 |
| February | 0.9% | +0.3 |
| March | 1.1% | +0.7 |
| April | 1.1% | +0.5 |
| May | 1.1% | +0.3 |
| June | 0.3% | -0.4 |
| July | 0.3% | -0.3 |
| August | 0.3% | -0.3 |
| September | 0.4% | -0.8 |
| October | 0.2% | -1.1 |
| November | 0.2% | -0.8 |
| December | 0.1% | -1.3 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.