Inflation Maldives 2024
Average inflation: 1.4%
Current Inflation
Inflation is low at 1.4%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 4.8%. The lowest inflation was in April at -1.1%.
- Highest month
- December: 4.8%
- Lowest month
- April: -1.1%
- Difference
- 5.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.8%. The lowest price increase was in Energy with an average of -0.5%.
- Highest increase
- Food: 5.8%
- Lowest increase
- Energy: -0.5%
Historical Context
Current inflation is around the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1%
- All-time high (2008)
- 12%
- All-time low (2020)
- -1.4%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (-1.5 percentage point).
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- April: -5.0 percentage points
ECB Target
Inflation is 0.6% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
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 €101.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 0.9% | -3.1 |
| February | 1.1% | -2.8 |
| March | -0.2% | -4.2 |
| April | -1.1% | -5.0 |
| May | 0.8% | -2.0 |
| June | 1.4% | -1.1 |
| July | 1.4% | -1.0 |
| August | 1.4% | -1.0 |
| September | 1.1% | -1.5 |
| October | 1.1% | -1.5 |
| November | 4.1% | +2.0 |
| December | 4.8% | +2.8 |
| Average | 1.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.