Inflation Saint Kitts and Nevis 2024
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 1.9%. The lowest inflation was in September at 0.3%.
- Highest month
- December: 1.9%
- Lowest month
- September: 0.3%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.3%. The lowest price increase was in Energy with an average of 0.3%.
- Highest increase
- Energy: 0.3%
- Lowest increase
- Energy: 0.3%
Historical Context
Current inflation is around the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 0.4%
- All-time high (2006)
- 8.5%
- All-time low (2015)
- -2.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.5 percentage point.
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- March: -5.1 percentage points
ECB Target
Inflation is 0.9% 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 €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 1.5% | -3.4 |
| February | 1.0% | -4.4 |
| March | 0.6% | -5.1 |
| April | 0.4% | -4.0 |
| May | 1.2% | -2.5 |
| June | 1.0% | -2.0 |
| July | 1.8% | -1.0 |
| August | 0.5% | -1.9 |
| September | 0.3% | -3.4 |
| October | 1.8% | -1.3 |
| November | 1.1% | -1.1 |
| December | 1.9% | +0.3 |
| Average | 1.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.