Inflation of consumer prices in Bahamas
Bahamas: Inflation of consumer prices was 0.4% in 2024. ◆ Volatile
Inflation of consumer prices in Bahamas, 1967–2024
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
In 2024, inflation of consumer prices in Bahamas stood at 0.4%.
The figure is down 86.6% on the previous year and down 73.0% over ten years.
Over the whole period, inflation of consumer prices in Bahamas peaked at 13.1% in 1974 and was at its lowest, -0.3%, in 2016.
Bahamas ranks 167th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in Bahamas, year by year
| Year | annual % | Change |
|---|---|---|
| 1967 | 5.4% | — |
| 1968 | 4.5% | -16.5% |
| 1969 | 8.9% | +96.8% |
| 1970 | 6.2% | -31.2% |
| 1971 | 4.6% | -25.0% |
| 1972 | 6.8% | +48.0% |
| 1973 | 5.5% | -19.7% |
| 1974 | 13.1% | +138.5% |
| 1975 | 10.4% | -20.7% |
| 1976 | 4.3% | -58.9% |
| 1977 | 3.2% | -25.0% |
| 1978 | 6.1% | +91.5% |
| 1979 | 9.1% | +48.8% |
| 1980 | 12.1% | +33.1% |
| 1981 | 11.1% | -8.1% |
| 1982 | 6.0% | -45.9% |
| 1983 | 4.0% | -33.5% |
| 1984 | 4.0% | -0.8% |
| 1985 | 4.6% | +16.1% |
| 1986 | 5.4% | +18.0% |
| 1987 | 5.8% | +5.9% |
| 1988 | 4.4% | -23.5% |
| 1989 | 5.4% | +22.4% |
| 1990 | 4.7% | -13.3% |
| 1991 | 7.1% | +52.4% |
| 1992 | 5.7% | -19.3% |
| 1993 | 2.7% | -52.5% |
| 1994 | 1.4% | -48.6% |
| 1995 | 2.1% | +47.7% |
| 1996 | 1.4% | -33.3% |
| 1997 | 0.5% | -60.5% |
| 1998 | 1.3% | +145.6% |
| 1999 | 1.3% | -6.2% |
| 2000 | 1.6% | +28.1% |
| 2001 | 2.0% | +27.3% |
| 2002 | 2.2% | +6.3% |
| 2003 | 3.0% | +39.2% |
| 2004 | 1.0% | -67.5% |
| 2005 | 1.6% | +62.1% |
| 2006 | 2.4% | +50.2% |
| 2007 | 2.5% | +4.3% |
| 2008 | 4.5% | +80.1% |
| 2009 | 2.1% | -54.1% |
| 2010 | 1.3% | -34.8% |
| 2011 | 3.2% | +138.0% |
| 2012 | 2.0% | -38.3% |
| 2013 | 0.7% | -63.4% |
| 2014 | 1.5% | +109.5% |
| 2015 | 1.9% | +23.0% |
| 2016 | -0.3% | -118.6% |
| 2017 | 1.5% | -538.3% |
| 2018 | 2.3% | +49.2% |
| 2019 | 2.5% | +9.9% |
| 2020 | 0.0% | -98.5% |
| 2021 | 2.9% | +7441.1% |
| 2022 | 5.6% | +93.0% |
| 2023 | 3.1% | -45.5% |
| 2024 | 0.4% | -86.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.3% | 4.5% | 8.9% | 3 |
| 1970s | 6.9% | 3.2% | 13.1% | 10 |
| 1980s | 6.3% | 4.0% | 12.1% | 10 |
| 1990s | 2.8% | 0.5% | 7.1% | 10 |
| 2000s | 2.3% | 1.0% | 4.5% | 10 |
| 2010s | 1.7% | -0.3% | 3.2% | 10 |
| 2020s | 2.4% | 0.0% | 5.6% | 5 |
Countries ranked near Bahamas
More economy & growth data for Bahamas
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.97 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8733 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 34,455 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.97 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8733 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,455 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7434 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is inflation of consumer prices in Bahamas?
- Inflation of consumer prices in Bahamas was 0.4% in 2024, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Bahamas?
- The highest recorded value was 13.1% in 1974.
- What is the lowest inflation of consumer prices recorded in Bahamas?
- The lowest recorded value was -0.3% in 2016.
- How does Bahamas rank for inflation of consumer prices?
- Bahamas ranks 167th out of 190 countries with data for 2024.
- Is inflation of consumer prices rising or falling in Bahamas?
- Over the last ten years it is down 73.0%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.