Development of inflation rates on the Maldives
The inflation rate for consumer prices on the Maldives moved over the past 39 years between -23.8% and 23.8%. For 2019, an inflation rate of 0.2% was calculated.
During the observation period from 1980 to 2019, the average inflation rate was 4.9%
per year. Overall, the price increase was 470.32 %. An item that cost 100 Rufiyaa in 1980 was so charged 570.32 Rufiyaa in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Maldives