The inflation rate in Barbados was recorded at 1.90 percent in July of 2020.

Inflation Rate in Barbados averaged 4.23 percent from 2006 until 2020, reaching an all time high of 11.20 percent in September of 2008 and a record low of -2.60 percent in November of 2015. This page provides - Barbados Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Inflation Rate - values, historical data and charts - was last updated on October of 2020.

Inflation Rate in Barbados is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Barbados to stand at 4.80 in 12 months time. In the long-term, the Barbados Inflation Rate is projected to trend around 4.10 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Barbados Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.40 11.20 -2.60 2006 - 2020 percent Monthly
2001=100

Barbados Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.40 11.20 -2.60 percent [+]
Food Inflation 10.40 12.50 17.08 -2.40 percent [+]
Consumer Price Index CPI 194.40 194.20 199.60 98.20 points [+]
Cpi Housing Utilities 154.00 154.60 172.30 140.30 points [+]
Cpi Transportation 172.90 169.40 202.10 141.70 points [+]


Barbados Inflation Rate
In Barbados, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (33.8 percent of total weight). Transport accounts for 17 percent; Housing and Utilities for 12.3 percent; Furniture, Household Goods and Maintenance for 10.1 percent; Fuel and Light for 6.3 percent; Health for 5.9 percent and Alcoholic beverages and Tobacco for 3.7 percent. Clothing and Footwear; Miscellaneous Goods and Services; Education and Recreation and Culture account for the remaining 10.9 percent of total weight.