Inflation Trinidad and Tobago 2022
Average inflation: 5.8%
Current Inflation
Inflation is very high at 5.8%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 8.7%. The lowest inflation was in January at 3.8%.
- Highest month
- December: 8.7%
- Lowest month
- January: 3.8%
- Difference
- 4.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 9.9%. The lowest price increase was in Energy with an average of 1.3%.
- Highest increase
- Food: 9.9%
- Lowest increase
- Energy: 1.3%
Historical Context
Current inflation is 3.7% higher than the 5-year average of 2.1%. This approaches the highest level since records began (5.8% in 2022).
- 5-year average
- 2.1%
- 10-year average
- 2.1%
- All-time high (2022)
- 5.8%
- All-time low (2020)
- 0.6%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.7 percentage point.
- Change vs. previous year
- +3.7 percentage points
- Largest monthly swing
- December: +5.2 percentage points
ECB Target
Inflation is 3.8% 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 €105.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.8% | +2.9 |
| February | 4.2% | +3.4 |
| March | 4.1% | +3.3 |
| April | 5.1% | +4.0 |
| May | 4.9% | +3.5 |
| June | 4.9% | +3.1 |
| July | 5.9% | +3.7 |
| August | 6.3% | +4.1 |
| September | 6.2% | +3.8 |
| October | 7.6% | +3.7 |
| November | 8.0% | +4.4 |
| December | 8.7% | +5.2 |
| Average | 5.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.