Solomon Islands inflation rate for 2023 was 5.89%, a 0.37% increase from 2022.
Solomon Islands inflation rate for 2022 was 5.52%, a 5.63% increase from 2021.
Solomon Islands inflation rate for 2021 was -0.12%, a 3.08% decline from 2020.
Solomon Islands inflation rate for 2020 was 2.96%, a 1.33% increase from 2019.
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.