Inflation in Tonga
Consumer price inflation in Tonga averaged 2.3% in the ten years to 2024, in line with the regional average of %. The 2024 average figure was 4.7%. For more information on inflation, visit our dedicated page
Tonga Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Tonga from 2017 to 2024.
Source: Macrobond.
Tonga Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.4 | 1.4 | 8.5 | 10.2 | 4.7 |
| Inflation (CPI, ann. var. %, eop) | -1.4 | 6.9 | 11.3 | 7.4 | 5.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Tongan inflation projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Tongan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Tongan inflation projections.
Want to get access to the full dataset of Tongan inflation forecasts? Send an email to info@focus-economics.com.