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Palau Annual Inflation Rate

Palau's annual inflation rate fell to 2.23% in 2024, down from 12.82% in 2023, according to World Bank. This represents a decrease of 10.59% from the previous year. Palau has annual inflation rate lower than the global median (2.23% vs median 3.16%). Compared with the median in Oceania, Palau is lower (2.23% vs regional median 3.18%) and ranks 9th out of 11 countries in Oceania.

Yearly Historical Data (2002-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.23%
2023 12.82%
2022 12.35%
2021 2.61%
2020 0.22%
2019 0.27%
2018 2.11%
2017 1.42%
2016 -1.04%
2015 0.95%
2014 4.19%
2013 3.35%
2012 3.61%
2011 4.67%
2010 1.44%
2009 1.44%
2008 11.97%
2007 3.24%
2006 4.43%
2005 3.95%
2004 4.96%
2003 0.92%
2002 -1.3%
Palau Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Palau.