Inflation rate of Kiribati sank by 81.43% from 1.9 % in 2016 to 0.4 % in 2017. Since the 280.32% jump in 2008, inflation rate plummeted by 97.39% in 2017.
The description is composed by our digital data assistant.Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.