Inflation rates by country and year

-2.3%2.7%7.7%12.7%17.7%
-2.3%2.7%7.7%12.7%17.7%
198017.7%
20012.3%
20233.6%
Source: World Bank

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

Year2023Inflation Rate3.6%

Behind the curve

Turning points in St. Kitts and Nevis

  1. 2008↑ Upward pressure

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

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

    Eastern Caribbean Central Bank
  2. 2020↓ Downward pressure

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

    The pandemic cut tourism and activity, easing inflation.

    Eastern Caribbean Central Bank
  3. 2022↑ Upward pressure

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

    Higher global food and energy prices lifted inflation in 2022.

    Eastern Caribbean Central Bank

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 St. Kitts and Nevis?

The annual inflation rate in St. Kitts and Nevis was 3.6% in 2023, the most recent year in the World Bank dataset. That means prices rose 3.6% on average compared with the year before. Use the chart above to explore St. Kitts and Nevis's full inflation history from 1980 to 2023, and to compare it with any other country.

How inflation in St. Kitts and Nevis has changed

Inflation in St. Kitts and Nevis peaked at 17.7% in 1980 and reached its lowest point at -2.3% in 2015. Averaged across the 44 years of available data (1980–2023), the rate has been 2.9% per year.

Frequently asked questions about inflation in St. Kitts and Nevis

What is the current inflation rate in St. Kitts and Nevis?

The latest available annual figure is 3.6% in 2023, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by St. Kitts and Nevis's statistical office.

What was the highest inflation rate in St. Kitts and Nevis?

The highest annual inflation rate on record is 17.7%, reached in 1980.

What was the lowest inflation rate in St. Kitts and Nevis?

The lowest annual inflation rate on record is -2.3%, recorded in 2015.

Where does the inflation data for St. Kitts and Nevis 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.