Inflation, consumer prices in Micronesia, Federated States of
Micronesia, Federated States of: Inflation, consumer prices was 5.4% in 2022. ◆ Volatile
Inflation, consumer prices in Micronesia, Federated States of, 2000–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
The most recent figure for inflation, consumer prices in Micronesia, Federated States of is 5.4%, measured in 2022.
That represents a change of up 69.5% on the previous year and up 7.8% over ten years.
Over the whole period, inflation, consumer prices in Micronesia, Federated States of peaked at 8.4% in 2008 and was at its lowest, -1.0%, in 2016.
That places Micronesia, Federated States of 45th out of 191 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Micronesia, Federated States of, year by year
| Year | annual % | Change |
|---|---|---|
| 2000 | 2.2% | — |
| 2001 | 0.5% | -76.7% |
| 2002 | -0.1% | -122.2% |
| 2003 | 0.1% | -213.6% |
| 2004 | 2.3% | +1697.7% |
| 2005 | 4.3% | +87.0% |
| 2006 | 4.6% | +8.9% |
| 2007 | 3.3% | -28.7% |
| 2008 | 8.4% | +154.8% |
| 2009 | 6.4% | -24.1% |
| 2010 | 3.3% | -48.2% |
| 2011 | 5.1% | +53.4% |
| 2012 | 5.0% | -1.3% |
| 2013 | 1.8% | -65.1% |
| 2014 | 0.7% | -62.9% |
| 2015 | -0.3% | -145.8% |
| 2016 | -1.0% | +248.0% |
| 2017 | 0.6% | -156.1% |
| 2018 | 1.5% | +157.3% |
| 2019 | 1.9% | +28.4% |
| 2020 | 0.6% | -71.2% |
| 2021 | 3.2% | +475.4% |
| 2022 | 5.4% | +69.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | -0.1% | 8.4% | 10 |
| 2010s | 1.8% | -1.0% | 5.1% | 10 |
| 2020s | 3.1% | 0.6% | 5.4% | 3 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- GDP 261.87 million constant LCU (2025)
- Gross value added at basic prices (GVA) 457.34 million current LCU (2025)
- Gross value added at basic prices (GVA) 309.56 million constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) 239.36 million constant LCU (2025)
- GDP 501.80 million current US$ (2025)
- GDP 501.80 million current LCU (2025)
- GDP 343.29 million constant 2015 US$ (2025)
- GDP growth 1.1% (2025)
- GNI, Atlas method 541.43 million current US$ (2025)
- GDP per capita 2,304 constant LCU (2025)
Frequently asked questions
- What is inflation, consumer prices in Micronesia, Federated States of?
- Inflation, consumer prices in Micronesia, Federated States of was 5.4% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Micronesia, Federated States of?
- The highest recorded value was 8.4% in 2008.
- What is the lowest inflation, consumer prices recorded in Micronesia, Federated States of?
- The lowest recorded value was -1.0% in 2016.
- How does Micronesia, Federated States of rank for inflation, consumer prices?
- Micronesia, Federated States of ranks 45th out of 191 countries with data for 2022.
- Is inflation, consumer prices rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 7.8%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of 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.