Inflation in Trinidad and Tobago

Trinidad & Tobago Inflation | Economic News & Forecasts

Trinidad and Tobago - Inflation

Available data points to muted economic activity in Q2. Stricter Covid-19 measures in May–June had an immediate impact on the domestic market, as shown by falling vehicle sales during the period. Looking at production indicators, crude oil output remained strong in April–May, but LNG output contracted at a sharper pace in Q2 overall. Moving on to Q3, in mid-July the government eased some restrictions, seemingly spurring the domestic market as motor vehicle sales recovered in the quarter. Meanwhile, LNG output remained relatively downbeat in the period, at roughly half of last year’s level. Looking at Q4, after shortening the nightly curfew in October, authorities further eased restrictions on 1 November, allowing leisure establishments such as cinemas, restaurants and bars to resume in-person services at 50% capacity. In other news, the Senate approved the 2022 budget on 21 October.

Trinidad & Tobago - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.7  3.1  1.9  1.0  1.0  

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Trinidad & Tobago Facts

Value Change Date
Exchange Rate6.760.39 %Jan 01

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