Inflation Trinidad and Tobago 2008
Average inflation: 12.0%
Current Inflation
Inflation is very high at 12.0%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 15.4%. The lowest inflation was in April at 9.2%.
- Highest month
- October: 15.4%
- Lowest month
- April: 9.2%
- Difference
- 6.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.8%. The lowest price increase was in Energy with an average of 5.5%.
- Highest increase
- Food: 7.8%
- Lowest increase
- Energy: 5.5%
Historical Context
Current inflation is 4.2% higher than the 5-year average of 7.8%. This approaches the highest level since records began (12.0% in 2008).
- 5-year average
- 7.8%
- 10-year average
- 6.5%
- All-time high (2008)
- 12%
- All-time low (2004)
- 3.7%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.1 percentage point.
- Change vs. previous year
- +4.1 percentage points
- Largest monthly swing
- October: +8.2 percentage points
ECB Target
Inflation is 10.0% 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 €100 this year will cost approximately €112.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 10.0% | +1.4 |
| February | 9.4% | +1.0 |
| March | 9.7% | +1.7 |
| April | 9.2% | +0.8 |
| May | 10.0% | +2.1 |
| June | 11.3% | +4.0 |
| July | 11.8% | +3.8 |
| August | 13.5% | +5.5 |
| September | 14.7% | +7.4 |
| October | 15.4% | +8.2 |
| November | 14.3% | +6.2 |
| December | 14.4% | +6.8 |
| Average | 12.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.