Inflation Saint Vincent and the Grenadines 2020
Average inflation: -0.6%
Inflation in 2020
There is deflation with consumer prices declining by 0.6%.
Peak and Trough
The highest inflation was in February at 0.8%. The lowest inflation was in July at -1.6%.
- Highest month
- February: 0.8%
- Lowest month
- July: -1.6%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.5 percentage points lower than the 5-year average of 0.9%.
- 5-year average
- 0.9%
- 10-year average
- 1%
- All-time high (2008)
- 10.1%
- All-time low (2015)
- -1.7%
Trend
Over the period 2018-2020, inflation shows a downward trend. Compared to 2019, inflation has fallen by 1.5 percentage points.
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- July: -2.6 percentage points
ECB Target
Inflation is 2.6 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for EC$100 this year will cost approximately EC$99.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.3% | -1.3 |
| February | 0.8% | -0.6 |
| March | 0.4% | -1.0 |
| April | 0.1% | -0.9 |
| May | -0.5% | -1.0 |
| June | -1.0% | -1.9 |
| July | -1.6% | -2.6 |
| August | -1.3% | -2.2 |
| September | -1.2% | -1.7 |
| October | -1.1% | -1.6 |
| November | -1.4% | -2.3 |
| December | -1.0% | -1.5 |
| Average | -0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.