Annual Inflation Visualization (Grenada)

Source: World Bank (1978-2023)

3.51% Historical average
17.27% Maximum recorded
-0.70% Minimum recorded
46 Years of data

Historical Inflation Calculator for Grenada

Calculate how the value of money has changed between two specific years in Grenada.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Grenada

Year Inflation (%) Change
2023 3.82% +2.20pp
2022 1.62% -1.17pp
2021 2.79% +3.09pp
2020 -0.30% -3.63pp
2019 3.33% +4.03pp
2018 -0.70% -2.23pp
2017 1.53% -1.12pp
2016 2.64% -0.11pp
2015 2.76% +1.98pp
2014 0.78% -2.15pp
2013 2.92% -1.00pp
2012 3.93% +3.70pp
2011 0.22% -0.26pp
2010 0.48% +0.49pp
2009 -0.01% -7.86pp
2008 7.85% +5.53pp
2007 2.32% -2.31pp
2006 4.63% +2.14pp
2005 2.49% +0.46pp
2004 2.03% +2.11pp
2003 -0.08% -0.45pp
2002 0.37% -1.77pp
2001 2.14% -0.72pp
2000 2.86% +1.74pp
1999 1.12% -0.62pp
1998 1.74% -0.05pp
1997 1.78% -0.89pp
1996 2.67% -0.38pp
1995 3.05% -0.14pp
1994 3.19% +1.31pp
1993 1.88% -2.13pp
1992 4.01% -2.66pp
1991 6.67% +6.65pp
1990 0.02% -8.98pp
1989 9.00% +2.23pp
1988 6.76% +1.70pp
1987 5.06% +0.72pp
1986 4.34% -4.41pp
1985 8.75% +2.14pp
1984 6.61% +5.22pp
1983 1.39% -2.77pp
1982 4.16% +1.45pp
1981 2.71% -6.34pp
1980 9.05% -0.57pp
1979 9.62% -7.65pp
1978 17.27% -

About Grenada inflation

Grenada inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Grenada inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Grenada inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Grenada?
According to the latest available World Bank data, Grenada inflation in 2023 was 3.82%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Grenada?
To calculate cumulative inflation in Grenada, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Grenada?
You can check Grenada's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1978 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Grenada.
What is the historical average inflation in Grenada?
The historical average inflation in Grenada can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1978-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Grenada inflation data is based on the official CPI.