St. Kitts and Nevis: Inflation, consumer prices (annual % growth)

Key figures

What the numbers say

In 2023, St. Kitts and Nevis' inflation, consumer prices (annual % growth) rose 0.89 percentage points on 2022 (from 2.67% to 3.56%).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0.01 percentage points and a typical year strayed about 2.7 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 6.82 percentage points in 1997 and the biggest yearly fall was 7.26 percentage points in 1981. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 0.42 percentage points a year. A straight line explains 49% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

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.

Regional and income-group figures are computed by the World Bank as a median.

All 44 values

Inflation, consumer prices (annual % growth) in nearby economies

• Antigua and Barbuda — 1.37% (2025)
• Aruba — 4.26% (2019)
• Bahamas, The — 1.11% (2025)
• Barbados — 0.85% (2025)
• Belize — 1.06% (2025)
• Bolivia — 19.52% (2025)
• Brazil — 5.02% (2025)
• Chile — 4.21% (2025)
• Colombia — 5.14% (2025)
• Costa Rica — -0.07% (2025)

More financial sector data for St. Kitts and Nevis

• DEC alternative conversion factor (LCU per US$) — US$2.7 (2025)
• Official exchange rate (LCU per US$, period average) — US$2.7 (2025)
• GDP deflator (base year varies by country) — 134.9 (2025)
• Inflation, GDP deflator (annual % growth) — 2.69% (2025)
• Domestic credit to private sector by banks (% of GDP) — 65.03% (2025)
• Net domestic credit (current LCU) — 1.92 billion (2025)
• Net foreign assets (current LCU) — 1.68 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 65.03% (2025)
• Broad money (current LCU)

Reading data like this

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Questions people ask

What is St. Kitts and Nevis's inflation, consumer prices (annual % growth)?

3.56% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is down 14.18 percentage points from 17.74% in 1980. The highest value was 17.74% in 1980 and the lowest -2.3% in 2015.

Is the latest change in inflation, consumer prices (annual % growth) unusual for St. Kitts and Nevis?

In 2023, St. Kitts and Nevis' inflation, consumer prices (annual % growth) rose 0.89 percentage points on 2022 (from 2.67% to 3.56%). Across the 30 yearly changes before that (1993 to 2022), the average change was −0.01 percentage points and a typical year strayed about 2.7 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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