Current inflation Guinea Ecuatorial 1.8%
September 2023
Current Inflation
Inflation is low at 1.8%, below the ECB target of 2%.
Historical Context
Inflation is 0.9 percentage points lower than 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
Over the period 2021-2023, inflation shows an upward trend. Compared to 2022, average inflation in 2023 through September has fallen by 2.1 percentage points.
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for FCFA 100 this year will cost approximately FCFA 102 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2023 through September
- 2.7%
- Last year
- 4.8%
- 5-year average
- 2.7%
- All-time high (2022)
- 4.8%