Oceania Annual Inflation Rate Ranking (2024)
In 2023, annual inflation rate in Oceania was highest in Vanuatu at 11.18%, followed by Kiribati at 9.28% and the Solomon Islands at 5.89%. The average annual inflation rate across countries in Oceania was 4.60%, the median was 3.18%, and Papua New Guinea recorded the lowest annual inflation rate at 0.60%, according to the World Bank.
Data is available for the period 1960 to 2024 across 11 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 11.18% | 6.68% | 2023 | |
| 2 | 9.28% | 5.35% | 2023 | |
| 3 | 5.89% | 5.52% | 2023 | |
| 4 | 5.41% | 3.19% | 2022 | |
| 5 | 4.51% | 2.34% | 2024 | |
| 6 | 3.18% | 6.35% | 2024 | |
| 7 | 3.16% | 5.6% | 2024 | |
| 8 | 2.92% | 5.73% | 2024 | |
| 9 | 2.23% | 12.82% | 2024 | |
| 10 | 2.17% | 7.92% | 2024 | |
| 11 | 0.6% | 2.3% | 2024 |
Oceania Annual Inflation Rate Ranking (2024) : Definition
Annual Inflation Rate measures the year-over-year percentage change in the Consumer Price Index for the reporting period, reflecting changes in the cost of a typical basket of consumer goods and services.