PiSpace Open Data
EN
Explore Topics Countries Compare Sources Country rankings Inflation calculator Biggest changes Coverage and freshness Scatter plots Country pairs My list

Inflation calculator for Micronesia

What an amount of money from one year is worth in another year in Micronesia, from 1999 to 2022, using the consumer price index (World Bank, 2010 = 100) published by World Bank. The calculation is shown below the result.

Result

100 in 2012 had the same buying power as 115.00 in 2022 in Micronesia.

Equivalent in 2022115.00in the same currency
Price change, 2012 to 2022+15.0%
Average per year+1.41%

How it is calculated

Index for 2012: 110.36. Index for 2022: 126.91 (index, 2010 = 100).

100 × 126.91 ÷ 110.36 = 115.00

Source: Consumer price index (World Bank, 2010 = 100), World Bank. The index measures the average price of what households buy; prices of single products and personal spending can change differently. The result is in the same currency as the amount you enter: for years before a country adopted the euro, first convert an amount in the old currency at the fixed conversion rate.

See the index for Micronesia year by year

What 100 from earlier years is worth in 2022

Amount inWorth in 2022Price change
100 (2000) 175.25+75.2%
100 (2010) 126.91+26.9%
100 (2015) 112.63+12.6%
100 (2020) 108.77+8.8%

Same currency throughout. Values are calculated from the yearly index; select a row to see the working.

Inflation in Micronesia over time

  • From 2000 to 2010 prices rose by 3.3% a year on average.
  • From 2010 to 2020 prices rose by 1.6% a year on average.
  • The largest rise in one year was in 2008: +8.4%.
  • Prices fell in 2016, by 1.0%.

Consumer price inflationConsumer price index

Questions about the calculator

How is the result calculated?

The amount is multiplied by the price index of the later year and divided by the index of the earlier year. The index is the official consumer price index: the harmonised index (HICP) from Eurostat for European countries, otherwise the World Bank consumer price index. For Micronesia the page uses the consumer price index (World Bank, 2010 = 100), with values from 1999 to 2022.

Does it convert old currencies?

No. The result is in the same currency as the amount you enter. For years before a country adopted the euro or changed its currency, convert the amount at the official rate first, then use the calculator.

Why can my own costs have changed differently?

The index follows the average basket of what households buy. Rent, energy, food or a single product can change faster or slower than the average, so personal inflation differs. More about inflation · Methodology

Calculators for other countries