Barbados inflation rate for 2023 was 9.79%, a 5.69% increase from 2019.
Barbados inflation rate for 2019 was 4.10%, a 0.43% increase from 2018.
Barbados inflation rate for 2018 was 3.67%, a 0.99% decline from 2017.
Barbados inflation rate for 2017 was 4.66%, a 3.38% increase from 2016.
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.