Inflation Guinea-Bissau 2023
Average inflation: 7.1%
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 10.3%. The lowest inflation was in November at 3.0%.
- Highest month
- February: 10.3%
- Lowest month
- November: 3.0%
- Difference
- 7.3 percentage points
- Months with data
- 8 of 12
Category Insights
The highest price increase was in Energy with an average of 12.9%. The lowest price increase was in Food with an average of 9.3%.
- Highest increase
- Energy: 12.9%
- Lowest increase
- Food: 9.3%
Historical Context
Current inflation is 3.1% higher than the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 2.4%
- All-time high (2022)
- 9.4%
- All-time low (2014)
- -1.5%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.3 percentage point.
- Change vs. previous year
- -2.3 percentage points
- Largest monthly swing
- August: -7.3 percentage points
ECB Target
Inflation is 5.1% 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 €107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 9.7% | +3.3 |
| February | 10.3% | +3.2 |
| March | 10.2% | +3.7 |
| April | 10.1% | +2.4 |
| August | 5.4% | -7.3 |
| September | 4.7% | -6.4 |
| October | 3.8% | -5.7 |
| November | 3.0% | -7.1 |
| Average | 7.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.