Inflation rates by country and year

-3.9%0.5%4.9%9.3%13.7%
-3.9%0.5%4.9%9.3%13.7%
20073.6%
20150.6%
20242.5%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2024Inflation Rate2.5%

Behind the curve

Turning points in Kiribati

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    Kiribati imports most of its food and fuel, and uses the Australian dollar, so the 2007–08 global price surge fed directly into local prices.

    Reserve Bank of Australia
  2. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut activity and transport costs, easing inflation in 2020.

    Reserve Bank of Australia
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and fuel prices lifted Kiribati's prices in 2022.

    Reserve Bank of Australia

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Kiribati?

The annual inflation rate in Kiribati was 2.5% in 2024, the most recent year in the World Bank dataset. That means prices rose 2.5% on average compared with the year before. Use the chart above to explore Kiribati's full inflation history from 2007 to 2024, and to compare it with any other country.

How inflation in Kiribati has changed

Inflation in Kiribati peaked at 13.7% in 2008 and reached its lowest point at -3.9% in 2010. Averaged across the 18 years of available data (2007–2024), the rate has been 2.5% per year.

Frequently asked questions about inflation in Kiribati

What is the current inflation rate in Kiribati?

The latest available annual figure is 2.5% in 2024, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Kiribati's statistical office.

What was the highest inflation rate in Kiribati?

The highest annual inflation rate on record is 13.7%, reached in 2008.

What was the lowest inflation rate in Kiribati?

The lowest annual inflation rate on record is -3.9%, recorded in 2010.

Where does the inflation data for Kiribati come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.