Inflation Burkina Faso 2024
Average inflation: 4.2%
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 6.3%. The lowest inflation was in June at 2.4%.
- Highest month
- October: 6.3%
- Lowest month
- June: 2.4%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.3%. The lowest price increase was in Food with an average of 6.2%.
- Highest increase
- Energy: 6.3%
- Lowest increase
- Food: 6.2%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 5.0%.
- 5-year average
- 5%
- 10-year average
- 2.6%
- All-time high (2022)
- 14.3%
- All-time low (2019)
- -3.2%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.3 percentage point.
- Change vs. previous year
- +3.3 percentage points
- Largest monthly swing
- September: +8.8 percentage points
ECB Target
Inflation is 2.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.3% | -3.9 |
| February | 2.7% | -3.4 |
| March | 2.6% | -0.3 |
| April | 3.7% | +3.5 |
| May | 3.4% | +3.7 |
| June | 2.4% | +3.1 |
| July | 4.3% | +5.4 |
| August | 5.7% | +7.7 |
| September | 6.2% | +8.8 |
| October | 6.3% | +7.8 |
| November | 3.6% | +3.2 |
| December | 4.9% | +3.9 |
| Average | 4.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.