Current inflation Saint Vincent and the Grenadines 2.1%
December 2024
Current Inflation
Inflation is normal at 2.1%, around the ECB target.
Historical Context
Inflation is 0.9 percentage points lower 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
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, average inflation in 2024 through December has fallen by 1.0 percentage points.
ECB Target
Inflation is close to the ECB target of 2.0%.
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 EC$100 this year will cost approximately EC$102.10 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through December
- 3.6%
- Last year
- 4.6%
- 5-year average
- 3.0%
- All-time high (2008)
- 10.1%