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Inflation in Suriname: A historical analysis and implications for policy

Author

Listed:
  • Gavin OOFT

    (Suriname)

Abstract

This article sheds light on the composition of the consumer price index (CPI) and the evolution of headline inflation in Suriname from 1960 to 2023. According to prior studies, high inflation has been a reoccurring phenomenon in Suriname, originating from various sources. The article provides a narrative on the development of inflation based on the available literature. The article also briefly explains the central bank’s role in maintaining price stability. The article concludes with thoughts on structurally solving the problem of reoccurring high inflation episodes in Suriname.

Suggested Citation

  • Gavin OOFT, 2024. "Inflation in Suriname: A historical analysis and implications for policy," Journal of Economics Library, EconSciences Journals, vol. 11(1-2), pages 1-13, March-Jun.
    • Handle: RePEc:cvv:journ5:v:11:y:2024:i:1-2:p:1-13
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    References listed on IDEAS

    as
    1. Tokuda, Hidenobu & Alleyne, Dillon & Hendrickson, Michael & McLean, Sheldon & Oyolola, Maharouf & Pantin, Machel & Skerrette, Nyasha, 2020. "Preliminary overview of the economies of the Caribbean 2019–2020," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 45729, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. repec:imf:imfdep:2022/001 is not listed on IDEAS
    3. Choudhri, Ehsan U. & Hakura, Dalia S., 2006. "Exchange rate pass-through to domestic prices: Does the inflationary environment matter?," Journal of International Money and Finance, Elsevier, vol. 25(4), pages 614-639, June.
    4. Ha, Jongrim & Marc Stocker, M. & Yilmazkuday, Hakan, 2020. "Inflation and exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 105(C).
    5. Alleyne, Dillon & Hendrickson, Michael & McLean, Sheldon & Pantin, Machel & Skerrette, Nyasha, 2023. "Preliminary overview of the economies of the Caribbean 2021–2022," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 48667, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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