Bhutanese Ngultrum Inflation Calculator
BTN 1,000 in 1980 has the same buying power as BTN 21,623 in 2026.
Convert Bhutanese Ngultrum between any two years
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BTN 1,000 in 2001 is worth BTN 3,615 in 2026
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Inflation analysis
Inflation in Bhutan
Bhutan inflation is 4.00% in 2026, following 3.56% in 2025. 47 years of data are available, from 1980.
This page covers 47 years of Bhutan consumer price data, from 1980 to 2026. The steepest single year on record was 1983, when consumer prices in Bhutan rose 18.1%.
Prices have not fallen across a full year once in the 46 years recorded here. Every year on this page moves in the same direction, which is why an amount of money always buys less later than earlier. By decade, the 1990s were the most inflationary stretch, averaging 9.9% a year, while the 2000s were the calmest at 4.5%. Over the last ten years inflation has averaged 4.4% a year, below the 7.0% average across the whole record.
Bhutan CPI and inflation rate by year
The full annual series behind this calculator, from 1980 to 2026. The final column shows what BTN 1,000 in that year is worth in 2026 money.
| Year | CPI index | Inflation | BTN 1,000 then, in 2026 |
|---|---|---|---|
| 2026 | 157.96 | 4.00% | BTN 1,000 |
| 2025 | 151.88 | 3.56% | BTN 1,040 |
| 2024 | 146.67 | 2.76% | BTN 1,077 |
| 2023 | 142.73 | 4.23% | BTN 1,107 |
| 2022 | 136.94 | 5.64% | BTN 1,154 |
| 2021 | 129.63 | 7.35% | BTN 1,219 |
| 2020 | 120.76 | 5.63% | BTN 1,308 |
| 2019 | 114.32 | 2.73% | BTN 1,382 |
| 2018 | 111.29 | 2.72% | BTN 1,419 |
| 2017 | 108.33 | 4.96% | BTN 1,458 |
| 2016 | 103.22 | 3.22% | BTN 1,530 |
| 2015 | 100.00 | 4.55% | BTN 1,580 |
| 2014 | 95.65 | 8.27% | BTN 1,651 |
| 2013 | 88.34 | 8.78% | BTN 1,788 |
| 2012 | 81.22 | 10.92% | BTN 1,945 |
| 2011 | 73.22 | 8.85% | BTN 2,157 |
| 2010 | 67.27 | 7.04% | BTN 2,348 |
| 2009 | 62.85 | 4.36% | BTN 2,513 |
| 2008 | 60.22 | 8.33% | BTN 2,623 |
| 2007 | 55.59 | 5.16% | BTN 2,842 |
| 2006 | 52.86 | 5.00% | BTN 2,988 |
| 2005 | 50.35 | 5.31% | BTN 3,137 |
| 2004 | 47.81 | 4.11% | BTN 3,304 |
| 2003 | 45.92 | 2.57% | BTN 3,440 |
| 2002 | 44.77 | 2.46% | BTN 3,528 |
| 2001 | 43.70 | 3.41% | BTN 3,615 |
| 2000 | 42.25 | 4.01% | BTN 3,738 |
| 1999 | 40.62 | 6.78% | BTN 3,888 |
| 1998 | 38.05 | 10.59% | BTN 4,152 |
| 1997 | 34.40 | 6.51% | BTN 4,591 |
| 1996 | 32.30 | 8.79% | BTN 4,890 |
| 1995 | 29.69 | 9.49% | BTN 5,320 |
| 1994 | 27.12 | 7.01% | BTN 5,825 |
| 1993 | 25.34 | 11.20% | BTN 6,233 |
| 1992 | 22.79 | 15.98% | BTN 6,931 |
| 1991 | 19.65 | 12.28% | BTN 8,038 |
| 1990 | 17.50 | 10.01% | BTN 9,025 |
| 1989 | 15.91 | 8.78% | BTN 9,928 |
| 1988 | 14.63 | 10.10% | BTN 10,800 |
| 1987 | 13.28 | 6.33% | BTN 11,890 |
| 1986 | 12.49 | 9.96% | BTN 12,643 |
| 1985 | 11.36 | 1.88% | BTN 13,903 |
| 1984 | 11.15 | 7.04% | BTN 14,165 |
| 1983 | 10.42 | 18.06% | BTN 15,162 |
| 1982 | 8.82 | 9.85% | BTN 17,899 |
| 1981 | 8.03 | 9.97% | BTN 19,662 |
| 1980 | 7.31 | — | BTN 21,623 |
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Bhutan inflation FAQ
- What is the current inflation rate in Bhutan?
- Bhutan inflation was 4.00% in 2026, the most recent year in this dataset, measured as the change in the annual average consumer price index from 2025.
- How much has Bhutanese Ngultrum lost in value since 1980?
- BTN 1,000 in 1980 has the same purchasing power as BTN 21,623 in 2026. That is cumulative inflation of 2,062.27% over 46 years, an average of 6.91% per year.
- What years does this Bhutan inflation calculator cover?
- This calculator covers 47 years, from 1980 to 2026. You can convert an amount between any two years in that range.
- Can Bhutanese Ngultrum inflation be negative?
- Yes. Negative inflation, or deflation, means prices fell and Bhutanese Ngultrum gained purchasing power over that year. Bhutan has not recorded a single year of falling prices in this dataset, which covers 47 years.
- What is the difference between CPI and the inflation rate?
- The consumer price index (CPI) is a level: it measures the cost of a fixed basket of goods and services in a given year. The inflation rate is the percentage change in that level between two periods. This calculator uses the ratio of CPI values for your two chosen years to convert an amount between them.
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