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Inflation rates in Bhutan

The inflation rate for consumer prices in Bhutan moved over the past 40 years between -18.1% and 18.0%. For 2021, an inflation rate of 7.3% was calculated.

During the observation period from 1981 to 2021, the average inflation rate was 6.9% per year. Overall, the price increase was 1,259.72%. An item that cost 100 ngultrums in 1981 costs 1,359.72 ngultrums at the beginning of 2022.


Inflation rates in global comparison


Back to overview: Bhutan

Performance over the last 40 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1980:Performance in Bhutan

      Bhutan       USA


Inflation calculator for Bhutan

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 ngultrums in 1981 corresponds to 13,597.17 ngultrums at the beginning of 2022 due to inflation.

Original amount in ngultrums:


Start year:


End year:






Inflation rates for consumer goods in Bhutan

Inflation rates for consumer goods in Bhutan

      Bhutan       USA

Historical inflation rates in comparison

YearBhutanØ EUØ USAØ World
20217.35 %2.55 %4.70 %3.48 %
20205.63 %0.48 %1.23 %1.92 %
20192.73 %1.63 %1.81 %2.19 %
20182.72 %1.74 %2.44 %2.44 %
20174.96 %1.43 %2.13 %2.19 %
20163.22 %0.18 %1.26 %1.55 %
20154.55 %-0.06 %0.12 %1.43 %
20148.27 %0.20 %1.62 %2.35 %
20137.01 %1.22 %1.46 %2.62 %
201210.92 %2.66 %2.07 %3.73 %
20118.85 %3.29 %3.16 %4.82 %
20107.04 %1.53 %1.64 %3.35 %
20094.36 %0.84 %-0.36 %2.94 %
20088.33 %4.16 %3.84 %8.95 %
20075.16 %2.51 %2.85 %4.82 %
20065.00 %2.67 %3.23 %4.28 %
20055.31 %2.49 %3.39 %4.11 %
2004-18.11 %2.29 %2.68 %3.38 %
20031.57 %2.09 %2.27 %3.03 %
20022.48 %2.42 %1.59 %2.83 %
20013.41 %3.37 %2.83 %3.84 %
20004.01 %3.15 %3.38 %3.49 %
19996.78 %2.16 %2.19 %3.08 %
199810.58 %2.42 %1.55 %5.11 %
19976.51 %3.11 %2.34 %5.57 %
19968.79 %3.56 %2.93 %6.55 %
19959.50 %4.43 %2.81 %9.15 %
19946.99 %4.72 %2.61 %10.32 %
199311.21 %4.85 %2.95 %7.51 %
199215.98 %6.22 %3.03 %7.71 %
199112.28 %5.48 %4.23 %9.00 %
199010.00 %6.15 %5.40 %8.13 %
19898.78 %6.26 %4.83 %7.00 %
198810.08 %4.54 %4.08 %7.15 %
19876.37 %4.02 %3.66 %5.76 %
19869.95 %3.68 %1.90 %5.82 %
19851.88 %5.40 %3.55 %6.86 %
19847.03 %7.67 %4.30 %8.12 %
198318.02 %8.67 %3.21 %8.77 %
19829.90 %9.58 %6.13 %10.24 %
19819.93 %11.77 %10.33 %12.47 %

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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