Inflation Cameroon 2023
Average inflation: 7.4%
Current Inflation
Inflation is very high at 7.4%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 8.5%. The lowest inflation was in December at 5.9%.
- Highest month
- March: 8.5%
- Lowest month
- December: 5.9%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 10.9%. The lowest price increase was in Energy with an average of 3.4%.
- Highest increase
- Food: 10.9%
- Lowest increase
- Energy: 3.4%
Historical Context
Current inflation is 3.2% higher than the 5-year average of 4.2%. This approaches the highest level since records began (7.4% in 2023).
- 5-year average
- 4.2%
- 10-year average
- 2.8%
- All-time high (2023)
- 7.4%
- All-time low (2017)
- 0.6%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +1.2 percentage point.
- Change vs. previous year
- +1.2 percentage points
- Largest monthly swing
- March: +3.9 percentage points
ECB Target
Inflation is 5.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 7.1% | +3.0 |
| February | 8.2% | +3.7 |
| March | 8.5% | +3.9 |
| April | 8.1% | +2.6 |
| May | 7.8% | +1.9 |
| June | 8.1% | +2.1 |
| July | 7.7% | +1.6 |
| August | 7.4% | +0.3 |
| September | 6.9% | -0.8 |
| October | 6.8% | -1.0 |
| November | 6.2% | -2.0 |
| December | 5.9% | -1.4 |
| Average | 7.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.