Barbados - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Barbados was 4.10 as of 2019. As the graph below shows, over the past 52 years this indicator reached a maximum value of 38.92 in 1974 and a minimum value of -1.27 in 1998.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1967 3.63
1968 7.49
1969 5.84
1970 7.28
1971 7.47
1972 11.88
1973 16.86
1974 38.92
1975 20.29
1976 4.99
1977 8.35
1978 9.48
1979 13.17
1980 14.43
1981 14.57
1982 10.33
1983 5.23
1984 4.69
1985 3.92
1986 1.33
1987 3.31
1988 4.86
1989 6.19
1990 3.07
1991 6.26
1992 6.09
1993 1.11
1994 0.08
1995 1.88
1996 2.39
1997 7.71
1998 -1.27
1999 1.56
2000 2.44
2001 2.58
2002 0.13
2003 1.62
2004 1.39
2005 6.08
2006 7.31
2007 4.03
2008 8.11
2009 3.64
2010 5.82
2011 9.43
2012 4.53
2013 1.81
2014 1.77
2015 -1.11
2016 1.28
2017 4.66
2018 3.67
2019 4.10

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Barbados was 4.68 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of 44.68 in 1980 and a minimum value of -2.01 in 2015.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1975 29.36
1976 3.02
1977 9.75
1978 6.72
1979 12.38
1980 44.68
1981 12.20
1982 9.85
1983 5.66
1984 5.18
1985 3.51
1986 4.47
1987 7.34
1988 2.76
1989 6.82
1990 3.73
1991 4.50
1992 2.12
1993 5.20
1994 2.21
1995 1.02
1996 2.54
1997 0.92
1998 8.70
1999 4.43
2000 -1.32
2001 2.26
2002 0.91
2003 1.12
2004 5.83
2005 6.67
2006 4.27
2007 8.44
2008 1.66
2009 -1.68
2010 3.82
2011 3.51
2012 -0.57
2013 2.90
2014 0.54
2015 -2.01
2016 -0.04
2017 2.58
2018 2.78
2019 2.51
2020 4.68

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Barbados was 4.68 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 8.70 in 1998 and -2.01 in 2015.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
1990 3.73
1991 4.50
1992 2.12
1993 5.20
1994 2.21
1995 1.02
1996 2.54
1997 0.92
1998 8.70
1999 4.43
2000 -1.32
2001 2.26
2002 0.91
2003 1.12
2004 5.83
2005 6.67
2006 4.27
2007 8.44
2008 1.66
2009 -1.68
2010 3.82
2011 3.51
2012 -0.57
2013 2.90
2014 0.54
2015 -2.01
2016 -0.04
2017 2.58
2018 2.78
2019 2.51
2020 4.68

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices