Inflation Grenada 2020
Average inflation: -0.7%
Current Inflation
There is deflation with consumer prices declining by 0.7%.
Peak and Trough
The highest inflation was in February at 0.3%. The lowest inflation was in May at -1.3%.
- Highest month
- February: 0.3%
- Lowest month
- May: -1.3%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.1%. The lowest price increase was in Energy with an average of -1.3%.
- Highest increase
- Food: 1.1%
- Lowest increase
- Energy: -1.3%
Historical Context
Current inflation is 1.3% lower than the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 0.7%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- May: -2.4 percentage points
ECB Target
Inflation is 2.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.1% | -1.1 |
| February | 0.3% | -0.6 |
| March | -0.2% | -1.3 |
| April | -1.2% | -2.3 |
| May | -1.3% | -2.4 |
| June | -1.0% | -1.3 |
| July | -0.8% | -1.1 |
| August | -0.8% | -1.1 |
| September | -1.2% | -1.6 |
| October | -1.1% | -1.3 |
| November | -0.9% | -1.1 |
| December | -0.8% | -0.9 |
| Average | -0.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.