Inflation rates by country and year

-1.7%3.8%9.2%14.7%20.1%
-1.7%3.8%9.2%14.7%20.1%
19869.7%
20051.3%
20254.0%
Source: World Bank

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

Year2025Inflation Rate4.0%

Behind the curve

Turning points in Maldives

  1. 2004↕ Mixed effects

    The Indian Ocean tsunami — Wikipedia (opens in a new tab)

    The 2004 tsunami damaged tourism infrastructure and raised reconstruction and import costs, adding to price pressure while visitor demand faltered.

    Maldives Monetary Authority
  2. 2008↑ Upward pressure

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

    As an island nation dependent on imported food and fuel, the Maldives absorbed the 2007–08 global price surge directly into consumer prices.

    Maldives Monetary Authority
  3. 2020↓ Downward pressure

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

    The pandemic halted tourism, the economy's mainstay, and sharply cut demand, easing inflationary pressure in 2020.

    Maldives Monetary Authority
  4. 2022↑ Upward pressure

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

    Recovering tourism and higher global import costs pushed Maldivian inflation up in 2022.

    Maldives Monetary Authority

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 Maldives?

The annual inflation rate in Maldives was 4.0% in 2025, the most recent year in the World Bank dataset. That means prices rose 4.0% on average compared with the year before. Use the chart above to explore Maldives's full inflation history from 1986 to 2025, and to compare it with any other country.

How inflation in Maldives has changed

Inflation in Maldives peaked at 20.1% in 1993 and reached its lowest point at -1.7% in 2004. Averaged across the 40 years of available data (1986–2025), the rate has been 4.7% per year.

Frequently asked questions about inflation in Maldives

What is the current inflation rate in Maldives?

The latest available annual figure is 4.0% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Maldives's statistical office.

What was the highest inflation rate in Maldives?

The highest annual inflation rate on record is 20.1%, reached in 1993.

What was the lowest inflation rate in Maldives?

The lowest annual inflation rate on record is -1.7%, recorded in 2004.

Where does the inflation data for Maldives 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.