Inflation Solomon Islands 2024
Average inflation: 5.4%
Current Inflation
Inflation is very high at 5.4%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 5.8%. The lowest inflation was in March at 5.0%.
- Highest month
- February: 5.8%
- Lowest month
- March: 5.0%
- Difference
- 0.8 percentage points
- Months with data
- 3 of 12
Category Insights
The highest price increase was in Energy with an average of 5.8%. The lowest price increase was in Energy with an average of 5.8%.
- Highest increase
- Energy: 5.8%
- Lowest increase
- Energy: 5.8%
Historical Context
Current inflation is 1.4% higher than the 5-year average of 4.0%. This approaches the highest level since records began (5.9% in 2023).
- 5-year average
- 4%
- 10-year average
- 2.5%
- All-time high (2023)
- 5.9%
- All-time low (2015)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- March: -4.6 percentage points
ECB Target
Inflation is 3.4% 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 €105.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.3% | -3.9 |
| February | 5.8% | -3.9 |
| March | 5.0% | -4.6 |
| Average | 5.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.