Inflation grew further to 8.7% in December, from 8.0% in November. A swelling import bill, adverse weather conditions and lower fuel subsidies pushed price pressures up in Q4. Inflation should cool in 2023 on weaker external price pressures. Surging commodity prices pose upside risks to the outlook.
Trinidad and Tobago Inflation (CPI, ann. var. %, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, eop) | 1.3 | 1.0 | 0.4 | 0.8 | 3.5 |