Inflation Saint Lucia 2008
Average inflation: 5.6%
Inflation in 2008
Inflation is very high at 5.6%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 7.5%. The lowest inflation was in December at 3.4%.
- Highest month
- April: 7.5%
- Lowest month
- December: 3.4%
- Difference
- 4.1 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 2.4 percentage points higher than the 5-year average of 3.2%. This approaches the highest level since records began (5.6% in 2008).
- 5-year average
- 3.2%
- 10-year average
- 2.4%
- All-time high (2008)
- 5.6%
- All-time low (2002)
- -0.3%
Trend
Over the period 2006-2008, inflation shows an upward trend. Compared to 2007, inflation has risen by 2.8 percentage points.
- Change vs. previous year
- +2.8 percentage points
- Largest monthly swing
- April: +8.0 percentage points
ECB Target
Inflation is 3.6 percentage points 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 EC$100 this year will cost approximately EC$105.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 4.9% | +3.9 |
| February | 5.6% | +5.6 |
| March | 6.2% | +5.4 |
| April | 7.5% | +8.0 |
| May | 6.0% | +5.0 |
| June | 6.3% | +4.9 |
| July | 6.3% | +3.6 |
| August | 7.2% | +5.8 |
| September | 5.7% | +0.4 |
| October | 4.1% | -2.9 |
| November | 3.8% | -3.2 |
| December | 3.4% | -3.4 |
| Average | 5.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.