Inflation Trinidad and Tobago 2018
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in July at 1.2%. The lowest inflation was in January at 0.8%.
- Highest month
- July: 1.2%
- Lowest month
- January: 0.8%
- Difference
- 0.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.2%. The lowest price increase was in Energy with an average of 0.6%.
- Highest increase
- Food: 6.2%
- Lowest increase
- Energy: 0.6%
Historical Context
Current inflation is 2.3% lower than the 5-year average of 3.3%. This approaches the lowest level since records began (1.0% in 2018).
- 5-year average
- 3.3%
- 10-year average
- 5.4%
- All-time high (2008)
- 12%
- All-time low (2018)
- 1%
Trend
Inflation shows a downward trend. Compared to 2017, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- January: -2.8 percentage points
ECB Target
Inflation is 1.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 0.8% | -2.8 |
| February | 0.9% | -1.7 |
| March | 0.8% | -1.9 |
| April | 1.1% | -0.7 |
| May | 1.0% | -0.7 |
| June | 0.9% | -0.6 |
| July | 1.2% | -0.2 |
| August | 1.0% | -0.4 |
| September | 1.1% | -0.1 |
| October | 1.0% | -0.6 |
| November | 1.0% | -0.7 |
| December | 1.0% | -0.3 |
| Average | 1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.