Inflation Saint Kitts and Nevis 2020
Average inflation: -1.2%
Inflation in 2020
There is deflation with consumer prices declining by 1.2%.
Peak and Trough
The highest inflation was in February at -0.3%. The lowest inflation was in May at -2.1%.
- Highest month
- February: -0.3%
- Lowest month
- May: -2.1%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.7 percentage points lower than the 5-year average of -0.5%.
- 5-year average
- -0.5%
- 10-year average
- 0.3%
- All-time high (2006)
- 8.5%
- All-time low (2015)
- -2.3%
Trend
Over the period 2018-2020, inflation has remained relatively stable. Compared to 2019, inflation has fallen by 0.9 percentage points.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- August: -2.2 percentage points
ECB Target
Inflation is 3.2 percentage points 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 EC$100 this year will cost approximately EC$98.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | -1.1% | -1.3 |
| February | -0.3% | +0.2 |
| March | -1.1% | -0.9 |
| April | -1.6% | -1.9 |
| May | -2.1% | -2.1 |
| June | -1.3% | -0.9 |
| July | -1.5% | -1.2 |
| August | -2.0% | -2.2 |
| September | -0.7% | -0.1 |
| October | -0.4% | +0.3 |
| November | -0.6% | +0.6 |
| December | -1.2% | -0.4 |
| Average | -1.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.