Inflation rates by country and year

-0.3%3%6.4%9.7%13.1%
-0.3%3%6.4%9.7%13.1%
19675.4%
19952.1%
20240.4%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2024Inflation Rate0.4%

Behind the curve

Turning points in Bahamas, The

  1. 1973↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    The Bahamas' dependence on imported oil and goods made it vulnerable to the 1973 shock, which raised costs into the mid-1970s.

    Central Bank of The Bahamas
  2. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The Bahamas imports most of its food and fuel, so the 2007–08 global price surge fed into domestic prices.

    Central Bank of The Bahamas
  3. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The collapse of tourism during the pandemic cut demand sharply, easing inflation.

    Central Bank of The Bahamas
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices lifted Bahamian inflation in 2022.

    Central Bank of The Bahamas

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.

What is the inflation in Bahamas, The?

The annual inflation rate in Bahamas, The was 0.4% in 2024, the most recent year in the World Bank dataset. That means prices rose 0.4% on average compared with the year before. Use the chart above to explore Bahamas, The's full inflation history from 1967 to 2024, and to compare it with any other country.

How inflation in Bahamas, The has changed

Inflation in Bahamas, The peaked at 13.1% in 1974 and reached its lowest point at -0.3% in 2016. Averaged across the 58 years of available data (1967–2024), the rate has been 4.0% per year.

Frequently asked questions about inflation in Bahamas, The

What is the current inflation rate in Bahamas, The?

The latest available annual figure is 0.4% in 2024, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Bahamas, The's statistical office.

What was the highest inflation rate in Bahamas, The?

The highest annual inflation rate on record is 13.1%, reached in 1974.

What was the lowest inflation rate in Bahamas, The?

The lowest annual inflation rate on record is -0.3%, recorded in 2016.

Where does the inflation data for Bahamas, The come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.