Bhutan Consumer Price Index

Bhutan’s Consumer Price Index (CPI) has risen from a trough of 10.86 in 1980 to an all‑time peak of 230.16 in 2025, placing the kingdom at rank 47 globally with the latest figure of 230.16. Over the 46‑year span, the index has multiplied more than twenty‑one times, reflecting sustained price growth amid expanding fiscal capacity, modest import liberalisation, and increased public investment in infrastructure and social services. The trajectory mirrors that of other lower‑ranked economies such as Tanzania (232.36) and Uganda (227.00), which have experienced comparable inflationary pressures as they integrate further into global markets. The steep ascent since the 1990s aligns with Bhutan’s gradual shift from a primarily agrarian economy to one that relies more on tourism, hydropower exports, and imported consumer goods, all of which exert upward pressure on domestic prices. Future CPI movements will hinge on the balance between monetary policy, exchange‑rate stability, and the pace of economic diversification, with tighter fiscal controls potentially moderating the upward trend.