Inflation Saint Kitts and Nevis 2008
Average inflation: 5.3%
Current Inflation
Inflation is very high at 5.3%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 8.3%. The lowest inflation was in January at 2.8%.
- Highest month
- October: 8.3%
- Lowest month
- January: 2.8%
- Difference
- 5.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.4%. The lowest price increase was in Energy with an average of 5.4%.
- Highest increase
- Energy: 5.4%
- Lowest increase
- Energy: 5.4%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 6.1%.
- 5-year average
- 6.1%
- 10-year average
- 6.1%
- All-time high (2006)
- 8.5%
- All-time low (2007)
- 4.5%
Trend
Inflation shows a downward trend. Compared to 2007, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- November: +4.8 percentage points
ECB Target
Inflation is 3.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 2.8% | -3.6 |
| February | 3.6% | -2.3 |
| March | 3.6% | -0.3 |
| April | 3.2% | -1.5 |
| May | 4.4% | 0.0 |
| June | 5.3% | +0.2 |
| July | 4.6% | -0.5 |
| August | 6.0% | +1.9 |
| September | 7.3% | +3.4 |
| October | 8.3% | +4.0 |
| November | 8.0% | +4.8 |
| December | 6.5% | +3.6 |
| Average | 5.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.