Inflation Trinidad and Tobago 2014
Average inflation: 5.7%
Current Inflation
Inflation is very high at 5.7%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 9.0%. The lowest inflation was in January at 2.9%.
- Highest month
- October: 9.0%
- Lowest month
- January: 2.9%
- Difference
- 6.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.7%. The lowest price increase was in Energy with an average of 0.7%.
- Highest increase
- Food: 3.7%
- Lowest increase
- Energy: 0.7%
Historical Context
Current inflation is 1.5% lower than the 5-year average of 7.2%.
- 5-year average
- 7.2%
- 10-year average
- 7.8%
- All-time high (2008)
- 12%
- All-time low (2004)
- 3.7%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- October: +6.3 percentage points
ECB Target
Inflation is 3.7% 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 €105.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 2.9% | -4.4 |
| February | 3.9% | -2.0 |
| March | 4.5% | -2.4 |
| April | 3.3% | -2.2 |
| May | 3.1% | -2.5 |
| June | 3.0% | -3.8 |
| July | 5.9% | +2.1 |
| August | 7.4% | +2.3 |
| September | 7.8% | +4.8 |
| October | 9.0% | +6.3 |
| November | 9.0% | +4.6 |
| December | 8.5% | +2.9 |
| Average | 5.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.