Inflation Burkina Faso 2023
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 8.2%. The lowest inflation was in September at -2.6%.
- Highest month
- January: 8.2%
- Lowest month
- September: -2.6%
- Difference
- 10.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.9%. The lowest price increase was in Food with an average of -1.1%.
- Highest increase
- Energy: 9.9%
- Lowest increase
- Food: -1.1%
Historical Context
Current inflation is 2.6% lower than the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 2.2%
- All-time high (2022)
- 14.3%
- All-time low (2019)
- -3.2%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +13.4 percentage point.
- Change vs. previous year
- -13.4 percentage points
- Largest monthly swing
- July: -22.1 percentage points
ECB Target
Inflation is 1.1% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 8.2% | +1.0 |
| February | 6.1% | -4.0 |
| March | 2.9% | -10.6 |
| April | 0.2% | -14.9 |
| May | -0.3% | -15.6 |
| June | -0.7% | -18.5 |
| July | -1.1% | -22.1 |
| August | -2.0% | -20.1 |
| September | -2.6% | -19.1 |
| October | -1.5% | -16.5 |
| November | 0.4% | -11.8 |
| December | 1.0% | -8.6 |
| Average | 0.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.