Inflation Saint Kitts and Nevis 2023
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 5.7%. The lowest inflation was in December at 1.6%.
- Highest month
- March: 5.7%
- Lowest month
- December: 1.6%
- Difference
- 4.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -0.9%. The lowest price increase was in Energy with an average of -0.9%.
- Highest increase
- Energy: -0.9%
- Lowest increase
- Energy: -0.9%
Historical Context
Current inflation is 2.4% higher than the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 0.3%
- All-time high (2006)
- 8.5%
- All-time low (2015)
- -2.3%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +0.9 percentage point.
- Change vs. previous year
- +0.9 percentage points
- Largest monthly swing
- February: +4.5 percentage points
ECB Target
Inflation is 1.6% 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 €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.9% | +3.9 |
| February | 5.4% | +4.5 |
| March | 5.7% | +4.5 |
| April | 4.4% | +2.1 |
| May | 3.7% | +0.8 |
| June | 3.0% | -0.1 |
| July | 2.8% | -0.2 |
| August | 2.4% | -1.1 |
| September | 3.7% | +1.2 |
| October | 3.1% | -0.5 |
| November | 2.2% | -1.9 |
| December | 1.6% | -2.3 |
| Average | 3.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.