Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Samoa
- 2008↑ Upward pressure
Food and fuel passed rapidly into island prices ↗ — Wikipedia (opens in a new tab)
Samoa's remote, narrow production base left it exposed to the 2008 food-and-oil shock. IMF evidence on the Pacific islands found near-complete pass-through of gasoline prices to Samoa and a large food share in consumer spending.
- 2009↕ Mixed effects
Tourism losses and reconstruction imports reshaped demand ↗ — Wikipedia (opens in a new tab)
The September 2009 tsunami severely damaged tourism and infrastructure. Reconstruction raised imports and fiscal spending, but lower global commodity prices and strong food supply drove average CPI inflation toward zero in 2009–10.
- 2020↓ Downward pressure
Tourism collapse and lower utility costs weakened prices ↗ — Wikipedia (opens in a new tab)
Border closure and social restrictions brought Samoa's tourism-dependent economy to a halt. Weak domestic demand, lower utility prices and falling global commodity prices pushed inflation to minus 1.6 percent in 2020.
- 2022↑ Upward pressure
Remote import dependence turned a commodity shock into double-digit inflation ↗ — Wikipedia (opens in a new tab)
Food and oil account for almost half of Samoa's imports, while food and transport dominate the CPI import basket. The 2022 commodity shock raised shipping and landed costs, sending inflation into double digits by June.
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.