Inflation Benin 2023
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in March at 6.9%. The lowest inflation was in October at -1.1%.
- Highest month
- March: 6.9%
- Lowest month
- October: -1.1%
- Difference
- 8.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.9% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 0.9%
- All-time high (2012)
- 6.7%
- All-time low (2016)
- -0.8%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- June: +6.9 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 1.3% | -6.6 |
| February | 6.7% | +4.2 |
| March | 6.9% | +4.9 |
| April | 3.8% | +2.8 |
| May | 3.6% | +3.1 |
| June | 4.3% | +6.9 |
| July | 3.9% | +4.9 |
| August | 2.1% | +2.4 |
| September | 1.5% | +3.1 |
| October | -1.1% | -3.2 |
| November | -0.2% | -3.4 |
| December | 0.4% | -2.4 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.