Inflation Saint Vincent and the Grenadines 2023
Average inflation: 4.6%
Current Inflation
Inflation is high at 4.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.8%. The lowest inflation was in September at 3.0%.
- Highest month
- January: 5.8%
- Lowest month
- September: 3.0%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.1%. The lowest price increase was in Energy with an average of 0.1%.
- Highest increase
- Energy: 0.1%
- Lowest increase
- Energy: 0.1%
Historical Context
Current inflation is 2.2% higher than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 1.5%
- All-time high (2008)
- 10.1%
- All-time low (2015)
- -1.7%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- September: -4.3 percentage points
ECB Target
Inflation is 2.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 5.8% | +2.0 |
| February | 5.8% | +2.2 |
| March | 5.5% | +1.9 |
| April | 5.2% | +0.8 |
| May | 4.7% | -0.8 |
| June | 5.3% | +0.1 |
| July | 4.7% | -1.4 |
| August | 3.8% | -2.8 |
| September | 3.0% | -4.3 |
| October | 3.5% | -4.0 |
| November | 3.4% | -4.1 |
| December | 4.0% | -2.7 |
| Average | 4.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.