Inflation Trinidad and Tobago 2003
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 4.9%. The lowest inflation was in January at 2.5%.
- Highest month
- April: 4.9%
- Lowest month
- January: 2.5%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 0.4%. The lowest price increase was in Core inflation with an average of 0.4%.
- Highest increase
- Core inflation: 0.4%
- Lowest increase
- Core inflation: 0.4%
Historical Context
Current inflation is 0.7% lower than the 5-year average of 4.5%. This approaches the lowest level since records began (3.8% in 2003).
- 5-year average
- 4.5%
- 10-year average
- 4.5%
- All-time high (2001)
- 5.5%
- All-time low (2003)
- 3.8%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- January: -2.7 percentage points
ECB Target
Inflation is 1.8% 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 €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 2.5% | -2.7 |
| February | 3.3% | -1.0 |
| March | 4.2% | -0.1 |
| April | 4.9% | +0.9 |
| May | 4.7% | +0.4 |
| June | 4.2% | +0.5 |
| July | 4.9% | +1.7 |
| August | 3.6% | 0.0 |
| September | 3.0% | -1.5 |
| October | 3.7% | -0.5 |
| November | 3.8% | -0.4 |
| December | 2.9% | -1.4 |
| Average | 3.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.