Inflation Grenada 2021
Average inflation: 1.2%
Current Inflation
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in November at 2.0%. The lowest inflation was in January at -0.5%.
- Highest month
- November: 2.0%
- Lowest month
- January: -0.5%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.7%. The lowest price increase was in Energy with an average of 1.3%.
- Highest increase
- Food: 1.7%
- Lowest increase
- Energy: 1.3%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 0.5%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.9 percentage point).
- Change vs. previous year
- +1.9 percentage points
- Largest monthly swing
- October: +2.9 percentage points
ECB Target
Inflation is 0.8% 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 €101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -0.5% | -0.6 |
| February | -0.3% | -0.6 |
| March | 0.3% | +0.5 |
| April | 1.3% | +2.5 |
| May | 1.4% | +2.7 |
| June | 1.6% | +2.6 |
| July | 1.7% | +2.5 |
| August | 1.9% | +2.7 |
| September | 1.6% | +2.8 |
| October | 1.8% | +2.9 |
| November | 2.0% | +2.9 |
| December | 1.9% | +2.7 |
| Average | 1.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.