Current inflation Guinea Ecuatorial 1.8%
September 2023
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 2.7%
- Last year
- 4.8%
- 5-year average
- 2.7%
- All-time high (2022)
- 4.8%