Inflation Trinidad and Tobago 2004
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 5.6%. The lowest inflation was in March at 2.8%.
- Highest month
- December: 5.6%
- Lowest month
- March: 2.8%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.7%. The lowest price increase was in Core inflation with an average of 1.6%.
- Highest increase
- Energy: 2.7%
- Lowest increase
- Core inflation: 1.6%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 4.3%. This approaches the lowest level since records began (3.7% in 2004).
- 5-year average
- 4.3%
- 10-year average
- 4.3%
- All-time high (2001)
- 5.5%
- All-time low (2004)
- 3.7%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- December: +2.7 percentage points
ECB Target
Inflation is 1.7% 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 €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 3.3% | +0.8 |
| February | 3.0% | -0.3 |
| March | 2.8% | -1.4 |
| April | 2.8% | -2.1 |
| May | 3.1% | -1.6 |
| June | 3.2% | -1.0 |
| July | 3.3% | -1.6 |
| August | 3.7% | +0.1 |
| September | 4.3% | +1.3 |
| October | 4.5% | +0.8 |
| November | 4.8% | +1.0 |
| December | 5.6% | +2.7 |
| Average | 3.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.