Inflation Bhutan 2024
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in March at 5.0%. The lowest inflation was in September at 1.3%.
- Highest month
- March: 5.0%
- Lowest month
- September: 1.3%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.6%. The lowest price increase was in Food with an average of 4.6%.
- Highest increase
- Food: 4.6%
- Lowest increase
- Food: 4.6%
Historical Context
Current inflation is 2.3% lower than the 5-year average of 5.1%. This approaches the lowest level since records began (2.7% in 2019).
- 5-year average
- 5.1%
- 10-year average
- 4.4%
- All-time high (2013)
- 11.8%
- All-time low (2019)
- 2.7%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- October: -3.8 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.3% | 0.0 |
| February | 4.5% | +0.2 |
| March | 5.0% | +1.9 |
| April | 4.9% | +1.6 |
| May | 2.2% | -1.2 |
| June | 1.8% | -2.0 |
| July | 2.0% | -2.0 |
| August | 2.0% | -2.8 |
| September | 1.3% | -3.7 |
| October | 1.3% | -3.8 |
| November | 1.9% | -2.7 |
| December | 2.0% | -3.0 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.