Kiribati - Inflation, consumer prices (annual %) 2007 - 2019
Kiribati's inflation, consumer prices (annual %) is currently -1.81%, according to the most recent World Bank data for the country (2019).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Kiribati's inflation, consumer prices (annual %) for 2019 was -1.813%, a -421.45% increase from 2018, with a -3 difference.
- In 2018 it was 0.564%, a 58.65% increase from 2017.
- In 2017 it was 0.356%, a -81.46% increase from 2016.
- In 2016 it was 1.917%, a 235.18% increase from 2015.
- In 2015 it was 0.572%, a -72.81% increase from 2014.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Kiribati is currently 1.8337% (average of years with recorded data) with a lowest recorded value of -3.8996% in 2010 and a highest value of 13.6654% in 2008.
Kiribati's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 2007 | 3.593% | |
| 2008 | 13.665% | 280.38% |
| 2009 | 9.816% | -28.17% |
| 2010 | -3.9% | -139.72% |
| 2011 | 1.497% | 138.40% |
| 2012 | -3.046% | -303.41% |
| 2013 | -1.488% | 51.14% |
| 2014 | 2.104% | 241.39% |
| 2015 | 0.572% | -72.81% |
| 2016 | 1.917% | 235.18% |
| 2017 | 0.356% | -81.46% |
| 2018 | 0.564% | 58.65% |
| 2019 | -1.813% | -421.45% |
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Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Kiribati comes in 31st with -1.813% inflation, consumer prices (annual %).
- Within the same region, Vietnam comes in 21st with 3.157%, inflation, consumer prices (annual %).
- Japan comes in 22nd with 2.498%.
- Vanuatu comes in 23rd with 2.343%.
- China comes in 24th with 1.974%.
- Hong Kong SAR, China comes in 25th with 1.881%.
- Macao SAR, China comes in 26th with 1.045%.
- Timor-Leste comes in 27th with 0.959%.
- New Caledonia comes in 28th with 0.578%.
- Tuvalu comes in 29th with 0.501%.
- And Nauru comes in 30th with -0.125%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Kiribati comes in 53rd with -1.813% inflation, consumer prices (annual %).
- Within the same income group, Jordan comes in 43rd with 4.229%, inflation, consumer prices (annual %).
- Nepal comes in 44th with 4.088%.
- Vietnam comes in 45th with 3.157%.
- Congo, Rep. comes in 46th with 3.043%.
- Eswatini comes in 47th with 2.598%.
- Vanuatu comes in 48th with 2.343%.
- Cabo Verde comes in 49th with 1.862%.
- Bolivia comes in 50th with 1.746%.
- Benin comes in 51st with 1.351%.
- Timor-Leste comes in 52nd with 0.959%.
- And Comoros comes in 54th with -4.295%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |