Inflation, CPI (Average) rose to 3.12% in Trinidad and Tobago in 2019

Inflation, CPI (Average) (%)
Economy | Trinidad and Tobago | January 01, 2020
$2.99
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Average inflation measured by CPI reached 3.12 % in 2019 in Trinidad and Tobago, according to the National Statistical Office. This is 33.6 % more than in the previous year.

Historically, average inflation measured by CPI in Trinidad and Tobago reached an all time high of 3.12 % in 2019 and an all time low of 0.009 % in 1964. When compared to Trinidad and Tobago's main peers, average inflation measured by CPI in Guyana amounted to 2.92 %, 1.23 % in Puerto Rico, 5.98 % in Suriname and 10,000,000 % in Venezuela in 2019.

Trinidad and Tobago has been ranked 88th within the group of 174 countries we follow in terms of average inflation measured by CPI, 41 places behind the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) 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.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Brazil % 0.034% 3.67% 4.18% 4.08% 4.00%
Colombia % 0.043% 3.21% 3.37% 3.00% 3.04%
Dominican Republic % 0.033% 4.32% 4.24% 4.05% 4.03%
Guyana % 0.019% 1.30% 2.92% 3.11% 3.37%
Haiti % 0.147% 13.3% 11.6% 8.91% 7.45%
Jamaica % 0.044% 3.44% 4.23% 5.00% 5.00%
Puerto Rico % 1.75% 2.71% 1.23% 1.13% 1.05%
Suriname % 0.220% 7.80% 5.98% 5.66% 9.29%
Trinidad and Tobago % 0.019% 2.33% 3.12% 3.04% 3.78%
USA % 0.021% 2.40% 2.15% 2.30% 2.19%
Venezuela % 1,088% 1,370,000% 10,000,000% ... ... ... ...