Development of inflation rates in Trinidad and Tobago
The inflation rate for consumer prices in Trinidad and Tobago moved over the past 39 years between 1.0% and 17.5%. For 2018, an inflation rate of 1.0% was calculated.
During the observation period from 1979 to 2018, the average inflation rate was 7.8%
per year. Overall, the price increase was 1,712.93 %. An item that cost 100 Dollar in 1979 was so charged 1,812.93 Dollar in the beginning of 2019.
In only a very few countries, the price increase is that high. The rate of 17.5% in 1980 means, that compared to the previous year all prices have been increased by an average of 17.5%. 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: Trinidad and Tobago