Solomon Islands - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Solomon Islands was 2.96 as of 2020. As the graph below shows, over the past 48 years this indicator reached a maximum value of 18.85 in 1974 and a minimum value of -0.57 in 2015.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1972 6.88
1973 3.23
1974 18.85
1975 10.07
1976 4.26
1977 8.62
1978 6.26
1979 8.06
1980 13.09
1981 16.40
1982 12.98
1983 6.23
1984 11.05
1985 9.57
1986 13.57
1987 10.99
1988 16.74
1989 14.93
1990 8.74
1991 15.05
1992 10.75
1993 9.17
1994 13.26
1995 9.63
1996 11.77
1997 8.08
1998 12.40
1999 8.02
2000 7.89
2001 6.93
2002 10.93
2003 8.27
2004 6.99
2005 7.33
2006 11.22
2007 7.67
2008 17.32
2009 7.09
2010 1.05
2011 7.34
2012 5.91
2013 5.39
2014 5.17
2015 -0.57
2016 0.51
2017 0.49
2018 3.46
2019 1.63
2020 2.96

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Solomon Islands was 3.40 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 34.17 in 1990 and a minimum value of 0.03 in 2016.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1981 13.21
1982 12.53
1983 7.06
1984 10.86
1985 9.50
1986 5.12
1987 11.61
1988 16.87
1989 3.21
1990 34.17
1991 7.37
1992 13.13
1993 17.02
1994 27.91
1995 9.53
1996 12.08
1997 8.46
1998 11.18
1999 7.65
2000 5.58
2001 9.87
2002 11.30
2003 6.24
2004 5.46
2005 14.33
2006 8.85
2007 10.85
2008 7.87
2009 6.71
2010 6.06
2011 9.52
2012 7.19
2013 1.67
2014 3.91
2015 3.56
2016 0.03
2017 1.39
2018 2.94
2019 1.26
2020 3.40

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Solomon Islands was 3.40 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 34.17 in 1990 and 0.03 in 2016.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
1990 34.17
1991 7.37
1992 13.13
1993 13.59
1994 6.95
1995 9.53
1996 12.08
1997 8.46
1998 11.18
1999 7.65
2000 5.58
2001 9.87
2002 11.30
2003 6.24
2004 5.46
2005 14.33
2006 8.85
2007 10.85
2008 7.87
2009 6.71
2010 6.06
2011 9.52
2012 7.19
2013 1.67
2014 3.91
2015 3.56
2016 0.03
2017 1.39
2018 2.94
2019 1.26
2020 3.40

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices