Development of inflation rates in Curacao
The inflation rate for consumer prices in Curacao moved over the past 18 years between -0.5% and 6.9%. For 2019, an inflation rate of 2.6% was calculated.
During the observation period from 2001 to 2019, the average inflation rate was 2.3%
per year. Overall, the price increase was 50.35 %. An item that cost 100 Guilder in 2001 was so charged 150.35 Guilder in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Curacao