Solomon Islands Inflation Rate 1972-2024
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.
- Solomon Islands inflation rate for 2023 was 5.89%, a 0.37% increase from 2022.
- Solomon Islands inflation rate for 2022 was 5.52%, a 5.63% increase from 2021.
- Solomon Islands inflation rate for 2021 was -0.12%, a 3.08% decline from 2020.
- Solomon Islands inflation rate for 2020 was 2.96%, a 1.33% increase from 2019.
| Solomon Islands Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.89% |
0.37% |
| 2022 |
5.52% |
5.63% |
| 2021 |
-0.12% |
-3.08% |
| 2020 |
2.96% |
1.33% |
| 2019 |
1.63% |
-1.83% |
| 2018 |
3.46% |
2.97% |
| 2017 |
0.49% |
-0.02% |
| 2016 |
0.51% |
1.09% |
| 2015 |
-0.57% |
-5.74% |
| 2014 |
5.17% |
-0.23% |
| 2013 |
5.39% |
-0.52% |
| 2012 |
5.91% |
-1.43% |
| 2011 |
7.34% |
6.29% |
| 2010 |
1.05% |
-6.04% |
| 2009 |
7.09% |
-10.23% |
| 2008 |
17.32% |
9.65% |
| 2007 |
7.67% |
-3.55% |
| 2006 |
11.22% |
3.89% |
| 2005 |
7.33% |
0.34% |
| 2004 |
6.99% |
-1.28% |
| 2003 |
8.27% |
-2.66% |
| 2002 |
10.93% |
4.00% |
| 2001 |
6.93% |
-0.96% |
| 2000 |
7.89% |
-0.13% |
| 1999 |
8.02% |
-4.38% |
| 1998 |
12.40% |
4.32% |
| 1997 |
8.08% |
-3.69% |
| 1996 |
11.77% |
2.15% |
| 1995 |
9.63% |
-3.63% |
| 1994 |
13.26% |
4.09% |
| 1993 |
9.17% |
-1.58% |
| 1992 |
10.75% |
-4.30% |
| 1991 |
15.05% |
6.31% |
| 1990 |
8.74% |
-6.19% |
| 1989 |
14.93% |
-1.81% |
| 1988 |
16.74% |
5.75% |
| 1987 |
10.99% |
-2.58% |
| 1986 |
13.57% |
4.00% |
| 1985 |
9.57% |
-1.48% |
| 1984 |
11.05% |
4.81% |
| 1983 |
6.23% |
-6.75% |
| 1982 |
12.98% |
-3.42% |
| 1981 |
16.40% |
3.31% |
| 1980 |
13.09% |
5.04% |
| 1979 |
8.06% |
1.79% |
| 1978 |
6.26% |
-2.35% |
| 1977 |
8.62% |
4.36% |
| 1976 |
4.26% |
-5.81% |
| 1975 |
10.07% |
-8.78% |
| 1974 |
18.85% |
15.62% |
| 1973 |
3.23% |
-3.65% |
| 1972 |
6.88% |
-3.65% |
