Inflation, consumer prices (annual %) (International Financial) in Kiribati
Kiribati: Inflation, consumer prices (annual %) (International Financial) was 2.5% in 2024. ◆ Volatile
Inflation, consumer prices in Kiribati, 2007–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Kiribati recorded 2.5% for inflation, consumer prices in 2024.
That represents a change of down 73.5% on the previous year and up 16.7% over ten years.
Over the whole period, inflation, consumer prices in Kiribati peaked at 13.7% in 2008 and was at its lowest, -3.9%, in 2010.
That places Kiribati 113th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices (annual %) (International Financial) in Kiribati, year by year
| Year | annual % | Change |
|---|---|---|
| 2007 | 3.6% | — |
| 2008 | 13.7% | +280.4% |
| 2009 | 9.8% | -28.2% |
| 2010 | -3.9% | -139.7% |
| 2011 | 1.5% | -138.4% |
| 2012 | -3.0% | -303.4% |
| 2013 | -1.5% | -51.1% |
| 2014 | 2.1% | -241.4% |
| 2015 | 0.6% | -72.8% |
| 2016 | 1.9% | +235.2% |
| 2017 | 0.4% | -81.5% |
| 2018 | 0.6% | +58.6% |
| 2019 | -1.8% | -421.5% |
| 2020 | 2.6% | -240.8% |
| 2021 | 2.1% | -19.6% |
| 2022 | 5.3% | +160.3% |
| 2023 | 9.3% | +73.6% |
| 2024 | 2.5% | -73.5% |
Kiribati compared with similar countries
- Kiribati's 2.5% is below the median for lower middle income countries, which is 3.6%, 69% of the median. (47 countries reporting)
- Kiribati's 2.5% is above the median for East Asia & Pacific, which is 2.1%, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.0% | 3.6% | 13.7% | 3 |
| 2010s | -0.3% | -3.9% | 2.1% | 10 |
| 2020s | 4.3% | 2.1% | 9.3% | 5 |
Countries ranked near Kiribati
More economy & growth data for Kiribati
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6343 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.11 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0577 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 147.57 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0313 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0421 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 107.75 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0384 units per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in Kiribati?
- Inflation, consumer prices in Kiribati was 2.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Kiribati?
- The highest recorded value was 13.7% in 2008.
- What is the lowest inflation, consumer prices recorded in Kiribati?
- The lowest recorded value was -3.9% in 2010.
- How does Kiribati rank for inflation, consumer prices?
- Kiribati ranks 113th out of 192 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Kiribati?
- Over the last ten years it is up 16.7%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.