Current inflation Kiribati 8.0%
September 2024
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Historical Context
Current inflation is 2.4% lower than the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 2.3%
- All-time high (2008)
- 13.7%
- All-time low (2010)
- -3.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +7.8 percentage point.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 1.9%
- Last year
- 9.7%
- 5-year average
- 1.9%
- All-time high (2008)
- 13.7%