Solomon Islands - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Solomon Islands was 7.34 as of 2011. As the graph below shows, over the past 39 years this indicator reached a maximum value of 18.85 in 1974 and a minimum value of 1.05 in 2010.

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

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Solomon Islands was 7.34 as of 2011. As the graph below shows, over the past 20 years this indicator reached a maximum value of 16.57 in 2007 and a minimum value of -2.02 in 2009.

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
1991 7.25
1992 13.17
1993 13.59
1994 6.95
1995 6.84
1996 12.15
1997 6.26
1998 5.61
1999 3.32
2000 10.70
2001 3.74
2002 12.23
2003 1.70
2004 7.17
2005 5.30
2006 4.26
2007 16.57
2008 3.98
2009 -2.02
2010 5.61
2011 7.34

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices