Inflation Gambia 2023
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.2%. The lowest inflation was in November at 2.3%.
- Highest month
- January: 5.2%
- Lowest month
- November: 2.3%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 24.4%. The lowest price increase was in Food with an average of 21.9%.
- Highest increase
- Energy: 24.4%
- Lowest increase
- Food: 21.9%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 10-year average
- 2.9%
- All-time high (2018)
- 4.7%
- All-time low (2021)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- January: +3.3 percentage points
ECB Target
Inflation is 1.6% 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 €103.60 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 | 5.2% | +3.3 |
| February | 4.7% | +2.3 |
| March | 4.5% | +1.6 |
| April | 4.6% | +1.6 |
| May | 4.6% | +1.3 |
| June | 3.9% | -0.4 |
| July | 3.2% | -1.6 |
| August | 2.9% | -2.8 |
| September | 2.7% | -3.1 |
| October | 2.7% | -3.1 |
| November | 2.3% | -3.3 |
| December | 2.3% | -3.1 |
| Average | 3.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.