Inflation rate in Micronesia: 5.4% in 2022. In 2010 it was 3.3%.
Data last updated · Period: 2010–2022
Understanding the chart
The line chart above tracks inflation rate in Micronesia for each year from 2010 to 2022, 13 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in annual %. A dashed line marks zero, and the 2 years below zero are shown in red. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2022 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2022, Micronesia's inflation rose from 3.3% to 5.4%, a rise of 2.1 percentage points.
- The highest value in this period was 5.4% in 2022; the lowest was -1.0% in 2016.
- Recently, the figure has risen in each of the last two years (2021: 3.2%; 2022: 5.4%).
- The value was negative in 2 of the 13 years shown.
- That is 2.7 percentage points below the world figure of 8.1%.
- Micronesia has the highest value of the 3 countries in Micronesia with recent data; the typical (median) value there is 2.5%.
Analysis
Averaged over periods, the figure was 3.2% in 2010 to 2014, 0.5% in 2015 to 2019 and 3.1% in 2020 onwards. The value went up in 6 of the 12 year-to-year steps and down in 6. The biggest one-year rise came in 2021 (+2.6 percentage points). The biggest one-year fall came in 2013 (−3.3 percentage points). Year to year, the figure typically varied by about 2.1 percentage points around its average of 2.1%, a moderately variable pattern.
Micronesia and its neighbours
Inflation, consumer prices (annual %) among 3 countries in Micronesia with recent data, ranked from highest to lowest.
| Rank in region | Country | Value | Year |
|---|---|---|---|
| 1 | Micronesia | 5.4% | 2022 |
| 2 | Kiribati | 2.5% | 2024 |
| 3 | Palau | -0.4% | 2025 |
Micronesia on related measures
- GDP (current US$): $501.8 million (2025, 199th-highest of 204 countries)
- GDP growth (annual %): 1.1% (2025, 167th-highest of 204 countries)
- GDP per person (current US$): $4,414 (2025, 141st-highest of 204 countries)
- GDP per person, adjusted for prices (PPP, international $): $4,347 (PPP) (2024, 170th-highest of 199 countries)
- Income per person (GNI, Atlas method, US$): $4,760 (2025, 131st-highest of 200 countries)
What it means
Inflation of this level is above the 2 to 4% most central banks aim for, so costs and wages in Micronesia are rising noticeably and pricing needs regular review. Compared with its neighbours in Micronesia, where the typical value is 2.5%, Micronesia is 3.0 percentage points higher.
About this statistic
The yearly change in the cost of a typical basket of goods and services bought by households. Source: World Bank, World Development Indicators.
For the full definition, caveats and every country ranked, see Inflation, consumer prices (annual %) by country, 2025.
Questions and answers
What is the inflation rate in Micronesia?
5.4% (Inflation, 2022). Inflation rate in Micronesia: 5.4% in 2022. In 2010 it was 3.3%.
How has inflation in Micronesia changed since 2010?
Between 2010 and 2022, Micronesia's inflation rose from 3.3% to 5.4%, a rise of 2.1 percentage points. The highest value in this period was 5.4% in 2022; the lowest was -1.0% in 2016.
How this page was made
Generated by Advanton from World Bank, World Development Indicators (2010–2022), data updated 8 November 2026: chart, ranks, comparisons and text are computed from the published figures; no figures are changed. About the data.
Data
| Year | Inflation, consumer prices (annual %) |
|---|---|
| 2010 | 3.3% |
| 2011 | 5.1% |
| 2012 | 5.0% |
| 2013 | 1.8% |
| 2014 | 0.7% |
| 2015 | -0.3% |
| 2016 | -1.0% |
| 2017 | 0.6% |
| 2018 | 1.5% |
| 2019 | 1.9% |
| 2020 | 0.6% |
| 2021 | 3.2% |
| 2022 | 5.4% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2022. Coverage: Micronesia.
The yearly change in the cost of a typical basket of goods and services bought by households. High inflation raises costs and makes pricing and planning harder. Very low or negative inflation can signal weak demand.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Inflation, consumer prices (annual %) by country, 2025
- Inflation rate in Kiribati, 2010–2024
- Inflation rate in Palau, 2010–2025
- GDP of Micronesia, 2010–2025
- Economic growth (GDP growth) in Micronesia, 2010–2025
- GDP per person in Micronesia, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Micronesia, 2010–2024
- Income per person (GNI, Atlas method, US$) in Micronesia, 2010–2025
- Agriculture, forestry and fishing (% of GDP) in Micronesia, 2010–2025
All Micronesia data: economy, people, jobs and digital in one place
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