Current inflation Guiné-Bissau 3.0%
November 2023
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 7.1%
- Last year
- 9.4%
- 5-year average
- 7.1%
- All-time high (2022)
- 9.4%