Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Antigua and Barbuda
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
The food-and-fuel shock reached this import-dependent tourism economy, while the government's fuel-price adjustment mechanism determined how much of the oil rise reached consumers.
- 2020↓ Downward pressure
The pandemic recession ↗ — Wikipedia (opens in a new tab)
A domestic lockdown and border closure abruptly halted tourism activity in 2020. The loss of the island's main demand engine coincided with lower inflation.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
Food and fuel prices passed through after retail fuel prices were raised in March 2022. The government then subsidised transport and fishing fuel and removed flour taxes to limit the local impact.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.