Development of inflation rates in Kiribati
The inflation rate for consumer prices in Kiribati moved over the past 8 years between -3.9% and 13.7%. For 2015, an inflation rate of 0.6% was calculated.
During the observation period from 2007 to 2015, the average inflation rate was 2.9%
per year. Overall, the price increase was 23.70 %. An item that cost 100 Dollar in 2007 was so charged 123.70 Dollar in the beginning of 2016.
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: Kiribati