Inflation Saint Lucia 2023
Average inflation: 4.1%
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 7.2%. The lowest inflation was in August at 1.8%.
- Highest month
- April: 7.2%
- Lowest month
- August: 1.8%
- Difference
- 5.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -2.1%. The lowest price increase was in Energy with an average of -2.1%.
- Highest increase
- Energy: -2.1%
- Lowest increase
- Energy: -2.1%
Historical Context
Current inflation is 1.8% higher than the 5-year average of 2.3%.
- 5-year average
- 2.3%
- 10-year average
- 1.3%
- All-time high (2022)
- 6.4%
- All-time low (2016)
- -3.1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.3 percentage point.
- Change vs. previous year
- -2.3 percentage points
- Largest monthly swing
- August: -5.8 percentage points
ECB Target
Inflation is 2.1% 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 €104.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 6.4% | +2.0 |
| February | 6.3% | +1.4 |
| March | 7.1% | +1.6 |
| April | 7.2% | +1.9 |
| May | 4.2% | -2.3 |
| June | 3.9% | -2.4 |
| July | 2.6% | -4.8 |
| August | 1.8% | -5.8 |
| September | 2.6% | -5.3 |
| October | 2.9% | -4.1 |
| November | 2.3% | -4.6 |
| December | 2.1% | -4.8 |
| Average | 4.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.