Inflation Tonga 2024
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 6.5%. The lowest inflation was in October at 0.5%.
- Highest month
- January: 6.5%
- Lowest month
- October: 0.5%
- Difference
- 6.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 2.0% lower than the 5-year average of 5.2%.
- 5-year average
- 5.2%
- 10-year average
- 4.1%
- All-time high (2022)
- 11%
- All-time low (2015)
- -1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.2 percentage point.
- Change vs. previous year
- -3.2 percentage points
- Largest monthly swing
- March: -6.1 percentage points
ECB Target
Inflation is 1.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 6.5% | -3.2 |
| February | 3.6% | -5.1 |
| March | 3.3% | -6.1 |
| April | 3.8% | -3.1 |
| May | 4.9% | -1.7 |
| June | 5.4% | -1.9 |
| July | 3.0% | -1.6 |
| August | 3.5% | +0.6 |
| September | 2.0% | -1.0 |
| October | 0.5% | -5.6 |
| November | 0.9% | -4.0 |
| December | 1.2% | -5.5 |
| Average | 3.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.