Inflation Ivory Coast 2023
Average inflation: 4.4%
Current Inflation
Inflation is high at 4.4%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 5.2%. The lowest inflation was in August at 3.6%.
- Highest month
- March: 5.2%
- Lowest month
- August: 3.6%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.5%. The lowest price increase was in Energy with an average of 4.3%.
- Highest increase
- Food: 6.5%
- Lowest increase
- Energy: 4.3%
Historical Context
Current inflation is 1.4% higher than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 1.9%
- All-time high (2008)
- 6.3%
- All-time low (2019)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-0.9 percentage point).
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- October: -2.5 percentage points
ECB Target
Inflation is 2.4% 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 €104.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.8% | -0.8 |
| February | 4.8% | +0.2 |
| March | 5.2% | +0.7 |
| April | 5.2% | +1.2 |
| May | 4.8% | +0.3 |
| June | 4.1% | -1.3 |
| July | 4.6% | -0.8 |
| August | 3.6% | -2.5 |
| September | 4.2% | -2.1 |
| October | 3.7% | -2.5 |
| November | 3.6% | -2.1 |
| December | 4.0% | -1.0 |
| Average | 4.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.