Inflation Maldives 2004
Average inflation: -1.7%
Current Inflation
There is deflation with consumer prices declining by 1.7%.
Peak and Trough
The highest inflation was in December at 1.0%. The lowest inflation was in August at -3.1%.
- Highest month
- December: 1.0%
- Lowest month
- August: -3.1%
- Difference
- 4.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.9%. The lowest price increase was in Energy with an average of -1.9%.
- Highest increase
- Food: 15.9%
- Lowest increase
- Energy: -1.9%
Historical Context
Current inflation is 1.9% lower than the 5-year average of 0.2%.
- 5-year average
- 0.2%
- 10-year average
- 2.3%
- All-time high (1993)
- 20.7%
- All-time low (2004)
- -1.7%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- December: +3.8 percentage points
ECB Target
Inflation is 3.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €98.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | -2.3% | +0.4 |
| February | -1.7% | +1.1 |
| March | -2.2% | -0.6 |
| April | -0.9% | -0.7 |
| May | -0.9% | 0.0 |
| June | -2.5% | -1.1 |
| July | -3.0% | -2.0 |
| August | -3.1% | -2.6 |
| September | -2.4% | -3.0 |
| October | -2.1% | -2.7 |
| November | 0.0% | +2.3 |
| December | 1.0% | +3.8 |
| Average | -1.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.