Inflation Rate (CPI): Bhutan
Bhutan's inflation rate (cpi) is currently 3.4% as of 2026. # Bhutan Inflation Rate (CPI) Bhutan's inflation rate stands at 3.
Current (2026)
3.4%
+41.7% y/y
Peak (1984)
13.0%
Low (2025)
2.4%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Bhutan
1980 — 2026
Inflation Rate (CPI) — Bhutan
Analysis# Bhutan Inflation Rate (CPI)
Bhutan's inflation rate stands at 3.4% in 2026, reflecting moderate price pressures in the Himalayan economy. The current level sits well below the all-time peak of 13% recorded in 1984, and slightly above the recent low of 2.4% in 2025. Since 1980, inflation has declined 72.8%, demonstrating a substantial long-term deflationary trend that underscores improved price stability across decades.
The period from 2021 to 2023 marked a significant disruption, with inflation spiking to 8.2% in 2021 before gradually declining through 2022 and 2023. This spike reflected global commodity pressures and supply chain challenges. The trajectory from 2024 onward—dropping to 2.4% in 2025 before rising modestly to 3.4% in 2026—suggests stabilization within a 3-4% range, consistent with many regional economies managing post-pandemic normalization.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 4.0% | +0.00% |
| 2029 | 4.0% | +0.00% |
| 2028 | 4.0% | +5.26% |
| 2027 | 3.8% | +11.76% |
| 2026 | 3.4% | +41.67% |
| 2025 | 2.4% | -44.19% |
| 2024 | 4.3% | -4.44% |
| 2023 | 4.5% | -23.73% |
| 2022 | 5.9% | -28.05% |
| 2021 | 8.2% | +173.33% |
| 2020 | 3.0% | +7.14% |
| 2019 | 2.8% | -22.22% |
| 2018 | 3.6% | -16.28% |
| 2017 | 4.3% | +30.30% |
| 2016 | 3.3% | -50.75% |
| 2015 | 6.7% | -30.21% |
| 2014 | 9.6% | +18.52% |
| 2013 | 8.1% | -19.80% |
| 2012 | 10.1% | +17.44% |
| 2011 | 8.6% | +79.17% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 4.8% | -32.39% |
| 2009 | 7.1% | +12.70% |
| 2008 | 6.3% | +21.15% |
| 2007 | 5.2% | +6.12% |
| 2006 | 4.9% | +2.08% |
| 2005 | 4.8% | +45.45% |
| 2004 | 3.3% | +32.00% |
| 2003 | 2.5% | -13.79% |
| 2002 | 2.9% | -21.62% |
| 2001 | 3.7% | -48.61% |
| 2000 | 7.2% | -20.88% |
| 1999 | 9.1% | +19.74% |
| 1998 | 7.6% | -11.63% |
| 1997 | 8.6% | -2.27% |
| 1996 | 8.8% | +23.94% |
| 1995 | 7.1% | -25.26% |
| 1994 | 9.5% | -1.04% |
| 1993 | 9.6% | +18.52% |
| 1992 | 8.1% | -21.36% |
| 1991 | 10.3% | +9.57% |
| 1990 | 9.4% | +5.62% |
| 1989 | 8.9% | +8.54% |
| 1988 | 8.2% | +17.14% |
| 1987 | 7.0% | +34.62% |
| 1986 | 5.2% | -35.00% |
| 1985 | 8.0% | -38.46% |
| 1984 | 13.0% | +7.44% |
| 1983 | 12.1% | +22.22% |
| 1982 | 9.9% | +98.00% |
| 1981 | 5.0% | -60.00% |
| 1980 | 12.5% | — |
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