Inflation rates by country and year

-1%1.3%3.7%6.1%8.4%
-1%1.3%3.7%6.1%8.4%
20002.2%
20115.1%
20225.4%
Source: World Bank

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

Year2022Inflation Rate5.4%

Behind the curve

Turning points in Micronesia, Fed. Sts.

  1. 2008↑ Upward pressure

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

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

    Federal Reserve
  2. 2020↓ Downward pressure

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

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

    Federal Reserve
  3. 2022↑ Upward pressure

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

    Higher global food and fuel prices lifted Micronesian prices in 2022.

    Federal Reserve

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 Micronesia, Fed. Sts.?

The annual inflation rate in Micronesia, Fed. Sts. was 5.4% in 2022, the most recent year in the World Bank dataset. That means prices rose 5.4% on average compared with the year before. Use the chart above to explore Micronesia, Fed. Sts.'s full inflation history from 2000 to 2022, and to compare it with any other country.

How inflation in Micronesia, Fed. Sts. has changed

Inflation in Micronesia, Fed. Sts. peaked at 8.4% in 2008 and reached its lowest point at -1.0% in 2016. Averaged across the 23 years of available data (2000–2022), the rate has been 2.6% per year.

Frequently asked questions about inflation in Micronesia, Fed. Sts.

What is the current inflation rate in Micronesia, Fed. Sts.?

The latest available annual figure is 5.4% in 2022, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Micronesia, Fed. Sts.'s statistical office.

What was the highest inflation rate in Micronesia, Fed. Sts.?

The highest annual inflation rate on record is 8.4%, reached in 2008.

What was the lowest inflation rate in Micronesia, Fed. Sts.?

The lowest annual inflation rate on record is -1.0%, recorded in 2016.

Where does the inflation data for Micronesia, Fed. Sts. 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.