Inflation Kiribati 2024
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in September at 8.0%. The lowest inflation was in January at -8.9%.
- Highest month
- September: 8.0%
- Lowest month
- January: -8.9%
- Difference
- 16.9 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Energy with an average of 2.4%. The lowest price increase was in Energy with an average of 2.4%.
- Highest increase
- Energy: 2.4%
- Lowest increase
- Energy: 2.4%
Historical Context
Current inflation is 2.4% lower than the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 3.3%
- All-time high (2023)
- 9.7%
- All-time low (2019)
- -1.8%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +7.8 percentage point.
- Change vs. previous year
- -7.8 percentage points
- Largest monthly swing
- January: -34.0 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.90 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 | -8.9% | -34.0 |
| February | -1.0% | -16.6 |
| March | -0.5% | -17.3 |
| April | 1.1% | -14.8 |
| May | 1.9% | -13.4 |
| June | 4.5% | -6.6 |
| July | 5.6% | -5.2 |
| August | 6.3% | +3.1 |
| September | 8.0% | +6.4 |
| Average | 1.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.