Annual Inflation Visualization (Somalia)

Source: World Bank (1961-2023)

20.47% Historical average
215.83% Maximum recorded
-15.35% Minimum recorded
63 Years of data

Historical Inflation Calculator for Somalia

Calculate how the value of money has changed between two specific years in Somalia.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Somalia

Year Inflation (%) Change
2023 4.57% -3.34pp
2022 7.91% +0.53pp
2021 7.39% +2.02pp
2020 5.37% -6.49pp
2019 11.86% +6.88pp
2018 4.98% +4.38pp
2017 0.60% -3.48pp
2016 4.08% -2.87pp
2015 6.95% -1.97pp
2014 8.92% +19.39pp
2013 -10.47% -16.24pp
2012 5.77% +8.66pp
2011 -2.89% +12.46pp
2010 -15.35% -17.72pp
2009 2.38% +0.32pp
2008 2.06% -1.46pp
2007 3.52% +10.38pp
2006 -6.87% -22.93pp
2005 16.06% +9.27pp
2004 6.80% +0.52pp
2003 6.28% -1.44pp
2002 7.72% -0.52pp
2001 8.24% -6.37pp
2000 14.61% +0.22pp
1999 14.39% -7.57pp
1998 21.96% -11.66pp
1997 33.61% +3.68pp
1996 29.93% -1.57pp
1995 31.50% -24.31pp
1994 55.81% +1.15pp
1993 54.66% +29.66pp
1992 25.00% -10.53pp
1991 35.53% -180.30pp
1990 215.83% +113.13pp
1989 102.70% +38.77pp
1988 63.93% +34.23pp
1987 29.71% -9.35pp
1986 39.06% +11.04pp
1985 28.02% -43.59pp
1984 71.61% +35.14pp
1983 36.47% +8.04pp
1982 28.43% +8.74pp
1981 19.69% -69.91pp
1980 89.60% +73.92pp
1979 15.68% +3.37pp
1978 12.31% +1.94pp
1977 10.37% -6.90pp
1976 17.27% +1.98pp
1975 15.29% -2.44pp
1974 17.73% +7.10pp
1973 10.63% +0.63pp
1972 10.00% +10.57pp
1971 -0.57% -9.18pp
1970 8.61% +2.09pp
1969 6.52% +3.13pp
1968 3.40% +3.72pp
1967 -0.32% +2.88pp
1966 -3.21% -16.10pp
1965 12.89% -0.21pp
1964 13.10% +9.81pp
1963 3.30% +4.12pp
1962 -0.82% -10.61pp
1961 9.79% -

About Somalia inflation

Somalia inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Somalia inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Somalia inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Somalia?
According to the latest available World Bank data, Somalia inflation in 2023 was 4.57%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Somalia?
To calculate cumulative inflation in Somalia, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Somalia?
You can check Somalia's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Somalia.
What is the historical average inflation in Somalia?
The historical average inflation in Somalia can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Somalia inflation data is based on the official CPI.