Inflation Saint Vincent and the Grenadines 2024
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 5.1%. The lowest inflation was in December at 2.1%.
- Highest month
- February: 5.1%
- Lowest month
- December: 2.1%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -0.4%. The lowest price increase was in Energy with an average of -0.4%.
- Highest increase
- Energy: -0.4%
- Lowest increase
- Energy: -0.4%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 1.8%
- All-time high (2008)
- 10.1%
- All-time low (2015)
- -1.7%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- June: -2.1 percentage points
ECB Target
Inflation is 1.6% 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 €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.8% | -1.0 |
| February | 5.1% | -0.7 |
| March | 4.9% | -0.6 |
| April | 4.8% | -0.4 |
| May | 4.4% | -0.3 |
| June | 3.2% | -2.1 |
| July | 3.2% | -1.5 |
| August | 2.7% | -1.1 |
| September | 3.8% | +0.8 |
| October | 2.3% | -1.2 |
| November | 2.5% | -0.9 |
| December | 2.1% | -1.9 |
| Average | 3.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.