Development of inflation rates in Grenada
The inflation rate in Grenada moved over the past years between -0.9% and 21.8%. For 2016, an inflation rate of 1.7% was calculated.
During the observation period from 1980 to 2016, the average inflation rate was 3.7%
per year. Overall, the price increase was 255.51 %. An item that cost 100 Dollar in 1979 was 2016 so charged 355.51 Dollar.
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: Grenada
Inflation developments of the past 36 years compared to the European Union
Performance based on 100% in 1979. Grenada European Union
All information without guarantee.