Inflation Solomon Islands 2023
Average inflation: 5.9%
Current Inflation
Inflation is very high at 5.9%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.7%. The lowest inflation was in September at 2.5%.
- Highest month
- February: 9.7%
- Lowest month
- September: 2.5%
- Difference
- 7.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 12.2%. The lowest price increase was in Energy with an average of 12.2%.
- Highest increase
- Energy: 12.2%
- Lowest increase
- Energy: 12.2%
Historical Context
Current inflation is 2.7% higher than the 5-year average of 3.2%. This approaches the highest level since records began (5.9% in 2023).
- 5-year average
- 3.2%
- 10-year average
- 2.2%
- All-time high (2023)
- 5.9%
- All-time low (2015)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +0.3 percentage point.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- March: +12.3 percentage points
ECB Target
Inflation is 3.9% 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 €105.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 9.2% | +7.2 |
| February | 9.7% | +10.8 |
| March | 9.6% | +12.3 |
| April | 7.4% | +5.9 |
| May | 4.9% | +0.6 |
| June | 5.1% | -1.9 |
| July | 4.9% | -3.9 |
| August | 3.3% | -6.7 |
| September | 2.5% | -7.4 |
| October | 4.4% | -5.2 |
| November | 4.8% | -4.3 |
| December | 5.6% | -2.9 |
| Average | 5.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.