Inflation Maldives 2008
Average inflation: 12.0%
Current Inflation
Inflation is very high at 12.0%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 16.2%. The lowest inflation was in January at 8.4%.
- Highest month
- July: 16.2%
- Lowest month
- January: 8.4%
- Difference
- 7.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 19.4%. The lowest price increase was in Energy with an average of 11.0%.
- Highest increase
- Food: 19.4%
- Lowest increase
- Energy: 11.0%
Historical Context
Current inflation is 7.8% higher than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 2.7%
- All-time high (1993)
- 20.7%
- All-time low (2004)
- -1.7%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +5.2 percentage point.
- Change vs. previous year
- +5.2 percentage points
- Largest monthly swing
- July: +9.9 percentage points
ECB Target
Inflation is 10.0% 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 €112.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 8.4% | +1.6 |
| February | 10.6% | +5.5 |
| March | 12.7% | +9.4 |
| April | 14.0% | +9.7 |
| May | 14.0% | +8.3 |
| June | 14.3% | +8.8 |
| July | 16.2% | +9.9 |
| August | 14.1% | +4.8 |
| September | 12.5% | +5.0 |
| October | 10.5% | +1.3 |
| November | 8.4% | -1.1 |
| December | 8.9% | 0.0 |
| Average | 12.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.