Maldives Inflation Rate 1986-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Maldives inflation rate for 2023 was 2.93%, a 0.59% increase from 2022.
  • Maldives inflation rate for 2022 was 2.33%, a 1.79% increase from 2021.
  • Maldives inflation rate for 2021 was 0.54%, a 1.91% increase from 2020.
  • Maldives inflation rate for 2020 was -1.37%, a 1.59% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 221.34%
Turkey 53.86%
Iran 44.58%
Kazakhstan 14.73%
Serbia 12.37%
Colombia 11.74%
Romania 10.40%
Bulgaria 9.44%
North Macedonia 9.36%
Algeria 9.32%
Azerbaijan 8.79%
Montenegro 8.58%
Samoa 8.12%
Mauritius 7.05%
Jamaica 6.47%
Peru 6.46%
Tonga 6.35%
Guatemala 6.21%
South Africa 6.07%
Namibia 5.88%
Mexico 5.53%
Botswana 5.07%
Belarus 5.00%
Dominican Republic 4.79%
Paraguay 4.63%
Brazil 4.59%
St. Vincent and the Grenadines 4.56%
Belize 4.39%
St. Lucia 4.07%
Gabon 3.63%
Dominica 3.48%
Maldives 2.93%
Guyana 2.82%
Grenada 2.70%
Malaysia 2.49%
Libya 2.37%
Ecuador 2.22%
Jordan 2.08%
Armenia 1.98%
Thailand 1.23%
Costa Rica 0.53%
China 0.23%
Maldives Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 2.93% 0.59%
2022 2.33% 1.79%
2021 0.54% 1.91%
2020 -1.37% -1.59%
2019 0.22% 0.35%
2018 -0.13% -2.95%
2017 2.82% 2.32%
2016 0.50% -0.45%
2015 0.95% -1.17%
2014 2.12% -1.69%
2013 3.81% -7.08%
2012 10.88% -0.39%
2011 11.27% 5.12%
2010 6.15% 1.62%
2009 4.53% -7.51%
2008 12.04% 5.25%
2007 6.79% 4.06%
2006 2.74% 1.44%
2005 1.30% 2.99%
2004 -1.69% -0.42%
2003 -1.26% -5.44%
2002 4.18% 3.51%
2001 0.67% 1.85%
2000 -1.17% -4.13%
1999 2.95% 4.36%
1998 -1.40% -8.98%
1997 7.57% 1.33%
1996 6.24% 0.75%
1995 5.49% 2.10%
1994 3.39% -16.74%
1993 20.13% 3.27%
1992 16.86% 2.14%
1991 14.71% 11.06%
1990 3.65% -3.52%
1989 7.17% 0.71%
1988 6.46% -3.25%
1987 9.70% -0.02%
1986 9.72% -0.02%