Inflation Grenada 2022
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in August at 3.3%. The lowest inflation was in February at 1.7%.
- Highest month
- August: 3.3%
- Lowest month
- February: 1.7%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.7%. The lowest price increase was in Energy with an average of 3.9%.
- Highest increase
- Food: 5.7%
- Lowest increase
- Energy: 3.9%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 0.9%.
- 5-year average
- 0.9%
- 10-year average
- 0.6%
- All-time high (2008)
- 8%
- All-time low (2014)
- -1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- January: +2.3 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 1.8% | +2.3 |
| February | 1.7% | +2.0 |
| March | 1.8% | +1.5 |
| April | 2.0% | +0.7 |
| May | 2.2% | +0.8 |
| June | 3.1% | +1.5 |
| July | 3.2% | +1.5 |
| August | 3.3% | +1.4 |
| September | 3.1% | +1.5 |
| October | 2.8% | +1.0 |
| November | 2.9% | +0.9 |
| December | 2.9% | +1.0 |
| Average | 2.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.