Inflation Rate (CPI): Kiribati

Analysis# Kiribati Inflation Rate (CPI) Kiribati's inflation rate stands at 3.5% in 2026, representing a dramatic 78.3% decline from 1980 levels. The country experienced extreme volatility across five decades, peaking at 16.1% in 1980 and plummeting to -10.2% deflation in 1987. Current inflation remains well below the nation's historical extremes, reflecting more stable economic conditions in recent years despite persistent vulnerability to external shocks. The 2022-2023 period marked a significant spike, with inflation accelerating from 5.3% to 9.3%—the highest rate in decades. However, 2024 brought sharp correction to 2.5%, followed by a rise to 7.8% in 2025 before moderating to 3.5% in 2026. This recent volatility underscores Kiribati's exposure to global commodity price fluctuations, particularly fuel and food costs, with the current trajectory suggesting stabilization in the low single digits.