Dominica: Inflation

* indicates monthly or quarterly data series

Inflation: percent change in the Consumer Price Index

 Latest value -0.7
 Year 2020
 Measure percent
 Data availability 1967 - 2020
 Average 4.2
 Min - Max -0.8 - 34.4
 Source The World Bank
For that indicator, we provide data for Dominica from 1967 to 2020. The average value for Dominica during that period was 4.2 percent with a minimum of -0.8 percent in 2015 and a maximum of 34.4 percent in 1974. The latest value from 2020 is -0.7 percent. For comparison, the world average in 2020 based on 167 countries is 8.0 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Dominica - Inflation - recent values

Historical chart
Dominica - Inflation - historical chart - 1967-2020

Inflation in Dominica and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: 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.

 Related indicators Latest value Reference Measure
 Inflation -0.7 2020 percent
 Money supply (broad money) 1.58 9/2019 billion
 Consumer Price Index (CPI) 117.4000 9/2022 index points
 Inflation, monthly 0.42 9/2022 percent
 Inflation, annual 9.86 9/2022 percent
 Private sector credit 0.67 9/2019 billion
 Business credit 0.26 9/2019 billion
 Household credit 0.41 9/2019 billion
 Mortgage credit 0.34 Q3/2019 billion
 Consumer credit 0.07 Q3/2019 billion
 Deposit interest rate 0.55 9/2020 percent
 Business credit interest rate 11.00 9/2020 percent
 Mortgage credit interest rate 7.75 9/2019 percent
 USD exchange rate 2.7026 9/2023 Local Currency Units per USD
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