Inflation Bhutan 2023
Average inflation: 4.2%
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 5.1%. The lowest inflation was in March at 3.1%.
- Highest month
- October: 5.1%
- Lowest month
- March: 3.1%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.9%. The lowest price increase was in Food with an average of 3.9%.
- Highest increase
- Food: 3.9%
- Lowest increase
- Food: 3.9%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 5.1%.
- 5-year average
- 5.1%
- 10-year average
- 4.9%
- All-time high (2013)
- 11.8%
- All-time low (2019)
- 2.7%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- June: -2.7 percentage points
ECB Target
Inflation is 2.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.3% | -1.7 |
| February | 4.3% | -1.0 |
| March | 3.1% | -2.5 |
| April | 3.3% | -2.5 |
| May | 3.4% | -2.5 |
| June | 3.8% | -2.7 |
| July | 4.0% | -2.6 |
| August | 4.8% | -1.2 |
| September | 5.0% | -1.0 |
| October | 5.1% | +0.2 |
| November | 4.6% | 0.0 |
| December | 5.0% | +0.6 |
| Average | 4.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.