Current inflation République centrafricaine 1.2%
October 2024
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Historical Context
Current inflation is 2.2% lower than the 5-year average of 3.1%. This approaches the lowest level since records began (0.9% in 2024).
- 5-year average
- 3.1%
- 10-year average
- 3.1%
- All-time high (2014)
- 14.9%
- All-time low (2024)
- 0.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.2 percentage point.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 0.9%
- Last year
- 3.1%
- 5-year average
- 0.9%
- All-time high (2014)
- 14.9%