Inflation Saint Vincent and the Grenadines 2022
Average inflation: 5.6%
Current Inflation
Inflation is very high at 5.6%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 7.5%. The lowest inflation was in February at 3.6%.
- Highest month
- October: 7.5%
- Lowest month
- February: 3.6%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.4%. The lowest price increase was in Energy with an average of 5.4%.
- Highest increase
- Energy: 5.4%
- Lowest increase
- Energy: 5.4%
Historical Context
Current inflation is 3.6% higher than the 5-year average of 2.0%.
- 5-year average
- 2%
- 10-year average
- 1.1%
- All-time high (2008)
- 10.1%
- All-time low (2015)
- -1.7%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.0 percentage point.
- Change vs. previous year
- +4.0 percentage points
- Largest monthly swing
- January: +4.9 percentage points
ECB Target
Inflation is 3.6% 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 €105.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.8% | +4.9 |
| February | 3.6% | +4.5 |
| March | 3.6% | +3.7 |
| April | 4.4% | +4.0 |
| May | 5.5% | +4.2 |
| June | 5.2% | +3.1 |
| July | 6.1% | +3.5 |
| August | 6.6% | +4.1 |
| September | 7.3% | +4.6 |
| October | 7.5% | +4.7 |
| November | 7.5% | +4.3 |
| December | 6.7% | +3.3 |
| Average | 5.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.