Inflation Rate (CPI): Marshall Islands

Analysis# Marshall Islands Inflation Rate (CPI) Marshall Islands' inflation rate stood at 5.9% in 2026, representing a moderate level of price growth well below its all-time peak of 14.7% recorded in 2008. The current rate contrasts sharply with the deflationary period of 2015, when inflation hit -2.2%. Since 2004, the country has experienced cumulative inflation of 195.0%, reflecting significant long-term price pressures despite recent moderation. The most dramatic shift occurred between 2022 and 2023, when inflation surged from 2.8% to 7.4%—the highest point in the post-2008 period. This spike coincided with global supply chain disruptions and commodity price increases. Since then, inflation has gradually declined to 5.9%, suggesting stabilization after the recent surge. The trajectory from 2024 onwards indicates relative stability in price growth, though rates remain elevated compared to the near-zero inflation environment of 2017–2019.