Inflation Equatorial Guinea 2023
Average inflation: 2.7%
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Peak and Trough
The highest inflation was in January at 4.5%. The lowest inflation was in June at 0.5%.
- Highest month
- January: 4.5%
- Lowest month
- June: 0.5%
- Difference
- 4.0 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Energy with an average of 4.4%. The lowest price increase was in Food with an average of 2.4%.
- Highest increase
- Energy: 4.4%
- Lowest increase
- Food: 2.4%
Historical Context
Current inflation is around the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 2.3%
- All-time high (2022)
- 4.8%
- All-time low (2021)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.1 percentage point.
- Change vs. previous year
- -2.1 percentage points
- Largest monthly swing
- June: -5.6 percentage points
ECB Target
Inflation is 0.7% 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 €102.70 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 | 4.5% | +1.6 |
| February | 4.3% | +0.9 |
| March | 4.2% | +0.2 |
| April | 4.1% | +0.6 |
| May | 1.8% | -3.3 |
| June | 0.5% | -5.6 |
| July | 1.6% | -4.0 |
| August | 1.4% | -4.7 |
| September | 1.8% | -4.0 |
| Average | 2.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.