Inflation Solomon Islands 2022
Average inflation: 5.6%
Current Inflation
Inflation is very high at 5.6%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 10.0%. The lowest inflation was in March at -2.7%.
- Highest month
- August: 10.0%
- Lowest month
- March: -2.7%
- Difference
- 12.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.3%. The lowest price increase was in Energy with an average of 8.3%.
- Highest increase
- Energy: 8.3%
- Lowest increase
- Energy: 8.3%
Historical Context
Current inflation is 2.9% higher than the 5-year average of 2.7%. This approaches the highest level since records began (5.6% in 2022).
- 5-year average
- 2.7%
- 10-year average
- 1.8%
- All-time high (2022)
- 5.6%
- All-time low (2015)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.7 percentage point.
- Change vs. previous year
- +5.7 percentage points
- Largest monthly swing
- August: +8.7 percentage points
ECB Target
Inflation is 3.6% 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 €105.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.0% | +7.1 |
| February | -1.1% | +0.8 |
| March | -2.7% | -2.4 |
| April | 1.5% | +3.6 |
| May | 4.3% | +6.0 |
| June | 7.0% | +7.6 |
| July | 8.8% | +8.5 |
| August | 10.0% | +8.7 |
| September | 9.9% | +8.1 |
| October | 9.6% | +7.4 |
| November | 9.1% | +7.2 |
| December | 8.5% | +5.0 |
| Average | 5.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.