Inflation: Causes and Consequences: Part 1

.Budget Alert is a series of periodic articles on issues relating to the preparation, approval, implementation, and oversight and accountability of national budgets with particular reference to Grenada.

 This article focusses on the concept of inflation, explaining how the rate of inflation is determined with reference to Grenada’s rate of inflation for 2021. It also highlights the need for updated information so that the inflation rate is more aligned with price developments and the cost of living.