Development of inflation rates on the Solomon Islands
The inflation rate in Germany moved over the past years between -0.6% and 17.3%. For 2015, an inflation rate of -0.6% was calculated.
During the observation period from 1980 to 2015, the average inflation rate was 10.0%
per year. Overall, the price increase was 2,614.61 %. An item that cost 100 Dollar in 1979 was 2015 so charged 2,714.61 Dollar.
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: Solomon Islands