Development of inflation rates in Kiribati
The inflation rate for consumer prices in Kiribati moved over the past 12 years between -3.9% and 13.7%. For 2019, an inflation rate of -1.8% was calculated.During the observation period from 2007 to 2019, the average inflation rate was 2.0% per year. Overall, the price increase was 24.93 %. An item that cost 100 Dollar in 2007 was so charged 124.93 Dollar in the beginning of 2020.
› Inflation rates in global comparison
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Performance over the last 12 years compared to the US
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.Performance based on 100% in 2006:
Inflation calculator for Kiribati
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Dollar in 2007 corresponds to an amount of 1,249.30 Dollar at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Kiribati
Historical inflation rates in comparison
| Year | Kiribati | Ø USA | Ø World |
|---|---|---|---|
| 2019 | -1.81 % | 1.81 % | 2.21 % |
| 2018 | 0.56 % | 2.44 % | 2.44 % |
| 2017 | 0.36 % | 2.13 % | 2.19 % |
| 2016 | 1.92 % | 1.26 % | 1.55 % |
| 2015 | 0.57 % | 0.12 % | 1.43 % |
| 2014 | 2.10 % | 1.62 % | 2.35 % |
| 2013 | -1.49 % | 1.46 % | 2.62 % |
| 2012 | -3.05 % | 2.07 % | 3.73 % |
| 2011 | 1.50 % | 3.16 % | 4.82 % |
| 2010 | -3.90 % | 1.64 % | 3.35 % |
| 2009 | 9.82 % | -0.36 % | 2.94 % |
| 2008 | 13.67 % | 3.84 % | 8.95 % |
| 2007 | 3.59 % | 2.85 % | 4.82 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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