Grenada Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Grenada inflation rate for 2022 was 2.56%, a 1.34% increase from 2021.
  • Grenada inflation rate for 2021 was 1.22%, a 1.96% increase from 2020.
  • Grenada inflation rate for 2020 was -0.74%, a 1.34% decline from 2019.
  • Grenada inflation rate for 2019 was 0.60%, a 0.21% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 171.21%
Turkey 72.31%
Suriname 52.45%
Iran 43.49%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Belize 6.28%
Guyana 6.12%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Libya 4.51%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Grenada 2.56%
Maldives 2.33%
China 1.97%
Nauru 0.00%
Turkmenistan 0.00%
Dominica 0.00%
Venezuela 0.00%
Bosnia 0.00%
Cuba 0.00%
Kazakhstan 0.00%
Russia 0.00%
Tuvalu 0.00%
American Samoa 0.00%
Marshall Islands 0.00%
Grenada Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 2.56% 1.34%
2021 1.22% 1.96%
2020 -0.74% -1.34%
2019 0.60% -0.21%
2018 0.80% -0.10%
2017 0.91% -0.74%
2016 1.65% 2.17%
2015 -0.52% 0.47%
2014 -0.98% -0.94%
2013 -0.04% -2.45%
2012 2.41% -0.62%
2011 3.03% -0.40%
2010 3.44% 3.75%
2009 -0.31% -8.34%
2008 8.03% 4.17%
2007 3.86% -0.39%
2006 4.25% 0.78%
2005 3.48% 1.16%
2004 2.31% 0.16%
2003 2.15% 1.09%
2002 1.07% -2.07%
2001 3.14% 0.96%
2000 2.18% 1.60%
1999 0.58% -0.80%
1998 1.38% 0.13%
1997 1.24% -0.79%
1996 2.03% 0.16%
1995 1.87% -1.90%
1994 3.77% 0.96%
1993 2.81% -0.97%
1992 3.78% 1.13%
1991 2.64% -0.08%
1990 2.72% -2.87%
1989 5.59% 1.59%
1988 4.00% 4.87%
1987 -0.87% -1.43%
1986 0.56% -1.94%
1985 2.50% -3.16%
1984 5.66% -0.44%
1983 6.10% -1.72%
1982 7.81% -10.97%
1981 18.79% -3.03%
1980 21.82% 0.94%
1979 20.88% 2.75%
1978 18.14% -0.32%
1977 18.46% 18.46%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%