Cayman Islands Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Cayman Islands's inflation rate was -0.63% in 2016, ranked 25th globally. This represents a 73.4% increase from 2015. Data from World Bank, covering 2010–2016.
Overview
Cayman Islands's inflation rate stood at -0.63% in 2016, a rise of +1.72pp from 2015. Cayman Islands ranked 25th globally.
Between 2010 and 2016 the Cayman Islands experienced a modest swing in consumer‑price dynamics, moving from a 0.28 % inflation rate in 2010 to a deflationary stance of –0.63 % in 2016, the lowest figure among 25 economies tracked by the World Bank. The upward pressure peaked in 2013 at 2.16 %, after which the island entered a descending trajectory that reached an all‑time trough of –2.35 % in 2015. The 2016 deflation rate is closely aligned with those of other small, open economies, such as Poland at –0.66 % and Singapore at –0.53 %, reflecting the sensitivity of the Cayman Islands to external price shocks and the limited domestic demand base. The seven‑year span suggests that the recent downturn is not a transient blip but part of a broader pattern of price softness, likely driven by subdued tourism receipts and a constrained labor market. Continued weakness in external demand or further fiscal tightening could deepen deflation, whereas a rebound in visitor spending or monetary accommodation would be needed to reverse the current trajectory.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2016 | -0.63% | +1.72pp | #25 |
| 2015 | -2.35% | −3.62pp | #3 |
| 2014 | 1.27% | −0.89pp | #73 |
| 2013 | 2.16% | +0.97pp | #88 |
| 2012 | 1.19% | −0.14pp | #18 |
| 2011 | 1.33% | +1.05pp | #16 |
| 2010 | 0.28% | – | #13 |
Analysis
Cayman Islands's inflation rate was -0.63% in 2016, a rise of +1.72pp from 2015.
Frequently Asked Questions
Cayman Islands's inflation rate was -0.63% in 2016. Ranked 25th globally. This represents a 73.4% increase from the previous year.
Cayman Islands's inflation rate peaked at 2.16% in 2013.
The lowest inflation rate in Cayman Islands was -2.35% in 2015.
Cayman Islands ranks 25th globally in inflation rate as of 2016.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
The inflation rate of Cayman Islands in 2016 was -0.63%. This ranks 25th in the world.
Cite this page
@misc{historysaid_cayman-islands_inflation-rate,
title = {Cayman Islands Inflation Rate},
url = {https://historysaid.com/cayman-islands/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}