Micronesia, Federated States of - Inflation Rate 2023

Consumer price inflation, annual % · World Bank
6.21% +1.19pp from 2022 Global rank: 110th

Micronesia, Federated States of's inflation rate was 6.21% in 2023, increased +1.19pp from 5.41% in 2022. This was the 110th highest globally.

Global Ranking - 2023
Inflation Rate by Country - 2023
RankCountryValueYoY
1st Afghanistan -4.64% -143.8%
2nd Turkmenistan -1.59% -114.2%
3rd Seychelles -1.04% -139.3%
4th Bahrain 0.07% -97.9%
5th China 0.23% -88.1%
6th Brunei Darussalam 0.36% -90.3%
7th Macao SAR, China 0.48% -54.4%
8th Costa Rica 0.53% -93.7%
9th Burkina Faso 0.74% -94.6%
10th Yemen, Republic of 0.86% -97.1%
11th Oman 0.95% -62.2%
12th Panama 1.49% -48.0%
13th Djibouti 1.50% -71.1%
14th United Arab Emirates 1.63% -66.3%
15th Armenia 1.98% -77.4%
16th Mali 2.06% -78.8%
17th Jordan 2.08% -50.7%
18th Hong Kong SAR, China 2.10% 11.5%
19th Cambodia 2.13% -60.1%
20th Liechtenstein 2.14% -24.7%
21st Switzerland 2.14% -24.7%
22nd Ecuador 2.22% -36.1%
23rd Papua New Guinea 2.30% -56.2%
24th Saudi Arabia 2.33% -5.9%
25th Fiji 2.34% -45.7%
26th Libya 2.37% -47.4%
27th South Sudan 2.38% 174.2%
28th Georgia 2.49% -79.1%
29th Malaysia 2.49% -26.3%
30th Bolivia, Plurinational State of 2.58% 47.5%
31st Grenada 2.70% 5.3%
32nd Benin 2.74% 102.7%
33rd Guyana 2.82% -56.5%
34th Equatorial Guinea 2.86% -41.3%
35th Maldives 2.93% 12.6%
36th Central African Republic 2.98% -46.6%
37th Qatar 3.03% -39.0%
38th Bahamas, The 3.05% -45.5%
39th Viet Nam 3.25% 3.0%
40th Japan 3.27% 30.9%
41st Denmark 3.31% -61.3%
42nd Aruba 3.36% -39.1%
43rd Greece 3.46% -62.7%
44th Puerto Rico (US) 3.48% -42.2%
45th Spain 3.53% -57.6%
46th Cyprus 3.54% -56.3%
47th St. Kitts and Nevis 3.56% 33.3%
48th Korea 3.60% -29.3%
49th Gabon 3.63% -14.6%
50th Kuwait 3.64% -8.5%
51st Tajikistan 3.65% -45.0%
52nd Indonesia 3.67% -11.3%
53rd Niger 3.70% -12.5%
54th Cabo Verde 3.72% -53.0%
55th Luxembourg 3.74% -54.1%
56th Tanzania 3.80% -12.7%
57th Netherlands 3.84% -67.0%
58th Canada 3.88% -42.8%
59th El Salvador 4.05% -43.8%
60th Belgium 4.05% -60.8%
61st St. Lucia 4.07% -36.2%
62nd United States 4.12% -48.5%
63rd Israel 4.23% -3.9%
64th Bhutan 4.23% -28.9%
65th Congo, Republic of 4.30% 42.2%
66th Portugal 4.31% -46.8%
67th Iraq 4.36% -12.6%
68th Côte d'Ivoire 4.37% -16.6%
69th Belize 4.39% -30.0%
70th St. Vincent and the Grenadines 4.56% -19.4%
71st Brazil 4.59% -50.5%
72nd Trinidad and Tobago 4.63% -20.5%
73rd Paraguay 4.63% -52.6%
74th Albania 4.76% -29.3%
75th Nauru 4.78% 317.3%
76th Dominican Republic 4.79% -45.7%
77th Singapore 4.83% -21.2%
78th France 4.88% -17.4%
79th Kosovo 4.94% -57.3%
80th Eswatini 4.95% 3.1%
81st Mauritania 4.95% -48.2%
82nd Belarus 5.00% -67.2%
83rd Antigua and Barbuda 5.07% -32.7%
84th Botswana 5.07% -58.4%
85th Dominica 5.09% -34.0%
86th Malta 5.09% -16.9%
87th Uganda 5.35% -25.6%
88th Togo 5.49% -28.0%
89th Norway 5.52% -4.3%
90th Mexico 5.53% -30.0%
91st Australia 5.60% -15.9%
92nd Andorra 5.61% -9.6%
93rd Italy 5.62% -35.6%
94th India 5.65% -15.1%
95th New Zealand 5.73% -20.1%
96th Russian Federation 5.87% -57.3%
97th Uruguay 5.87% -35.5%
98th West Bank and Gaza 5.87% 57.0%
99th Namibia 5.88% -3.2%
100th Solomon Islands 5.89% 8.9%
101st San Marino 5.93% 11.4%
102nd Senegal 5.94% -38.7%
103rd Germany 5.95% -31.4%
104th Philippines 5.98% 2.7%
105th South Africa 6.08% -11.5%
106th Morocco 6.09% -8.3%
107th Bosnia and Herzegovina 6.11% -56.4%
108th Somalia, Fed. Rep. 6.17% -8.9%
109th Guatemala 6.21% -9.8%
110th Micronesia, Federated States of 6.21% 23.7%
111th Finland 6.25% -12.8%
112th Ireland 6.30% -22.0%
113th European Union 6.30% -28.7%
114th Lesotho 6.34% -22.2%
115th Tonga 6.35% -3.0%
116th Peru 6.46% -18.0%
117th Jamaica 6.47% -37.4%
118th Honduras 6.66% -26.7%
119th United Kingdom 6.79% -25.1%
120th Mauritius 7.05% -34.6%
121st Guinea-Bissau 7.10% -10.3%
122nd Nepal 7.12% 11.7%
123rd Mozambique 7.13% -31.3%
124th Tuvalu 7.17% -41.1%
125th Cameroon 7.38% 18.1%
126th Marshall Islands 7.44% 168.1%
127th Slovenia 7.45% -15.7%
128th Chile 7.58% -34.9%
129th Kenya 7.67% 0.3%
130th Guinea 7.80% -25.7%
131st Austria 7.81% -9.3%
132nd Samoa 7.92% -9.4%
133rd Croatia 7.94% -25.6%
134th Comoros 8.37% -32.7%
135th Nicaragua 8.39% -19.9%
136th Timor-Leste 8.42% 20.2%
137th Thailand 8.48% 39.5%
138th Sweden 8.55% 6.1%
139th Montenegro 8.58% -34.2%
140th Iceland 8.74% 5.2%
141st Azerbaijan 8.79% -36.6%
142nd Latvia 8.94% -48.2%
143rd Lithuania 9.12% -51.7%
144th Estonia 9.16% -52.9%
145th Kiribati 9.28% 73.6%
146th Algeria 9.32% 0.6%
147th Tunisia 9.33% 12.3%
148th North Macedonia 9.36% -34.1%
149th Bulgaria 9.44% -27.5%
150th Barbados 9.79% 124.5%
151st Madagascar 9.87% 21.1%
152nd Bangladesh 9.88% 60.7%
153rd Uzbekistan 9.96% -13.0%
154th Liberia 10.09% 32.9%
155th Mongolia 10.35% -31.7%
156th Romania 10.40% -24.7%
157th Slovak Republic 10.53% -13.2%
158th Czechia 10.66% -29.4%
159th Kyrgyz Republic 10.75% -22.7%
160th Chad 10.84% 85.8%
161st Zambia 10.88% -1.0%
162nd Vanuatu 11.18% 67.4%
163rd Poland 11.53% -18.9%
164th Colombia 11.74% 15.2%
165th Serbia 12.37% 3.3%
166th Palau 12.82% -2.8%
167th Ukraine 12.85% -36.3%
168th Moldova 13.42% -53.3%
169th Angola 13.64% -36.1%
170th Kazakhstan 14.72% -1.7%
171st Sri Lanka 16.54% -63.4%
172nd Gambia, The 16.97% 47.4%
173rd Hungary 17.12% 17.1%
174th Rwanda 19.79% 42.6%
175th Congo, Democratic Republic of 19.89% 114.7%
176th São Tomé and Principe 21.26% 18.1%
177th Nigeria 24.66% 30.8%
178th Myanmar 25.49% -9.0%
179th Burundi 26.94% 42.9%
180th Malawi 28.79% 38.2%
181st Pakistan 30.77% 153.2%
182nd Lao PDR 31.23% 36.0%
183rd Egypt, Arab Republic of 33.88% 298.6%
184th Haiti 36.81% 33.5%
185th Ghana 38.11% 19.4%
186th Iran, Islamic Republic of 44.58% -2.6%
187th Sierra Leone 47.64% 75.1%
188th Suriname 51.59% -1.6%
189th Türkiye 53.86% -25.5%
190th Sudan 77.25% -44.3%
191st Argentina 133.49% 84.3%
192nd Lebanon 221.34% 29.3%
193rd Zimbabwe 667.36% 245.1%

FAQ

What was Micronesia, Federated States of's inflation rate in 2023?

Micronesia, Federated States of's inflation rate in 2023 was 6.21%. This ranked 110th globally.

How did Micronesia, Federated States of's inflation rate change in 2023?

Micronesia, Federated States of's inflation rate increased by 23.7% in 2023 compared to 2022.

Which country had the highest inflation rate in 2023?

Zimbabwe had the highest inflation rate in 2023 at 667.36%.

What is the inflation rate of Micronesia, Federated States of in 2023?

The inflation rate of Micronesia, Federated States of in 2023 was 6.21%. This ranked 110th globally.

How does 2023 compare to 2022 for Micronesia, Federated States of's inflation rate?

Micronesia, Federated States of's inflation rate went from 5.41% in 2022 to 6.21% in 2023, a 23.7% increase.