Current inflation Saint Lucia -2.3%
September 2024
Current Inflation
There is deflation with consumer prices declining by 2.3%.
Historical Context
Inflation is 4.5 percentage points lower than the 5-year average of 2.2%.
- 5-year average
- 2.2%
- 10-year average
- 0.9%
- All-time high (2022)
- 6.4%
- All-time low (2016)
- -3.1%
Trend
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, average inflation in 2024 through September has fallen by 4.1 percentage points.
ECB Target
Inflation is 4.3 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$97.70 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through September
- 0.0%
- Last year
- 4.1%
- 5-year average
- 2.2%
- All-time high (2022)
- 6.4%