Inflation Kiribati 2023
Average inflation: 9.7%
Current Inflation
Inflation is very high at 9.7%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 25.1%. The lowest inflation was in December at -2.1%.
- Highest month
- January: 25.1%
- Lowest month
- December: -2.1%
- Difference
- 27.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -0.2%. The lowest price increase was in Energy with an average of -0.2%.
- Highest increase
- Energy: -0.2%
- Lowest increase
- Energy: -0.2%
Historical Context
Current inflation is 6.1% higher than the 5-year average of 3.6%.
- 5-year average
- 3.6%
- 10-year average
- 2.3%
- All-time high (2008)
- 13.7%
- All-time low (2010)
- -3.9%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +4.4 percentage point.
- Change vs. previous year
- +4.4 percentage points
- Largest monthly swing
- January: +22.4 percentage points
ECB Target
Inflation is 7.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.70 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 | 25.1% | +22.4 |
| February | 15.6% | +12.9 |
| March | 16.8% | +15.1 |
| April | 15.9% | +15.2 |
| May | 15.3% | +15.0 |
| June | 11.1% | +9.2 |
| July | 10.8% | +7.9 |
| August | 3.2% | -4.8 |
| September | 1.6% | -7.8 |
| October | 2.2% | -5.6 |
| November | 0.6% | -8.9 |
| December | -2.1% | -18.3 |
| Average | 9.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.