Palau - Inflation, consumer prices (annual %) 2002 - 2022
Palau's inflation, consumer prices (annual %) is currently 12.35%, according to the most recent World Bank data for the country (2022).
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.- Palau's inflation, consumer prices (annual %) for 2022 was 12.353%, a 372.83% increase from 2021, with a +9 difference.
- In 2021 it was 2.612%, a 1,097.39% increase from 2020, with a +2 difference.
- In 2020 it was 0.218%, a -18.40% increase from 2019.
- In 2019 it was 0.267%, a -87.33% increase from 2018.
- In 2018 it was 2.11%, a 48.78% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Palau is currently 3.132% (average of years with recorded data) with a lowest recorded value of -1.3012% in 2002 and a highest value of 12.3527% in 2022.
Palau's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 2002 | -1.301% | |
| 2003 | 0.923% | 170.92% |
| 2004 | 4.964% | 437.89% |
| 2005 | 3.951% | -20.40% |
| 2006 | 4.43% | 12.11% |
| 2007 | 3.239% | -26.89% |
| 2008 | 11.966% | 269.45% |
| 2009 | 1.438% | -87.98% |
| 2010 | 1.442% | 0.28% |
| 2011 | 4.675% | 224.14% |
| 2012 | 3.614% | -22.69% |
| 2013 | 3.355% | -7.18% |
| 2014 | 4.192% | 24.95% |
| 2015 | 0.949% | -77.36% |
| 2016 | -1.042% | -209.83% |
| 2017 | 1.418% | 236.04% |
| 2018 | 2.11% | 48.78% |
| 2019 | 0.267% | -87.33% |
| 2020 | 0.218% | -18.40% |
| 2021 | 2.612% | 1,097.39% |
| 2022 | 12.353% | 372.83% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Palau comes in 3rd with 12.353% inflation, consumer prices (annual %).
- Within the same region, Lao PDR comes in 1st with 22.956%, inflation, consumer prices (annual %).
- Mongolia comes in 2nd with 15.148%.
- Tonga comes in 4th with 10.971%.
- Samoa comes in 5th with 10.962%.
- Myanmar comes in 6th with 8.825%.
- New Zealand comes in 7th with 7.172%.
- Australia comes in 8th with 6.594%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Philippines comes in 11th with 5.821%.
- Solomon Islands comes in 12th with 5.518%.
- And Micronesia, Fed. Sts. comes in 13th with 5.409%, 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 Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Palau comes in 11th with 12.353% inflation, consumer prices (annual %).
- Within the same income group, Venezuela, RB comes in 1st with 254.949%, inflation, consumer prices (annual %).
- Turkiye comes in 2nd with 72.309%.
- Suriname comes in 3rd with 52.446%.
- Moldova comes in 4th with 28.737%.
- Bulgaria comes in 5th with 15.325%.
- Belarus comes in 6th with 15.21%.
- North Macedonia comes in 7th with 14.205%.
- Bosnia and Herzegovina comes in 8th with 14.021%.
- Azerbaijan comes in 9th with 13.852%.
- Montenegro comes in 10th with 13.04%.
- Serbia comes in 12th with 11.982%.
- Georgia comes in 13th with 11.898%.
- Botswana comes in 14th with 11.666%.
- Kosovo comes in 15th with 11.581%.
- Tonga comes in 16th with 10.971%.
- Mauritius comes in 17th with 10.774%.
- Jamaica comes in 18th with 10.35%.
- Colombia comes in 19th with 10.177%.
- Paraguay comes in 20th with 9.766%.
- And Brazil comes in 21st with 9.28%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |