Inflation Honduras 2023
Average inflation: 6.7%
Inflation in 2023
Inflation is very high at 6.7%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.8%. The lowest inflation was in November at 5.0%.
- Highest month
- February: 9.8%
- Lowest month
- November: 5.0%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.1%. The lowest price increase was in Energy with an average of 2.4%.
- Highest increase
- Food: 11.1%
- Lowest increase
- Energy: 2.4%
Historical Context
Inflation is 1.1 percentage points higher than the 5-year average of 5.6%.
- 5-year average
- 5.6%
- 10-year average
- 4.9%
- All-time high (2008)
- 11.4%
- All-time low (2016)
- 2.7%
Trend
Over the period 2021-2023, inflation shows an upward trend. Compared to 2022, inflation has fallen by 2.4 percentage points.
- Change vs. previous year
- -2.4 percentage points
- Largest monthly swing
- July: -5.8 percentage points
ECB Target
Inflation is 4.7 percentage points 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 HNL 100 this year will cost approximately HNL 106.70 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 | 8.9% | +2.7 |
| February | 9.8% | +3.4 |
| March | 9.1% | +2.1 |
| April | 7.4% | -0.9 |
| May | 6.6% | -2.5 |
| June | 5.6% | -4.6 |
| July | 5.1% | -5.8 |
| August | 5.7% | -4.7 |
| September | 6.1% | -3.9 |
| October | 5.8% | -4.4 |
| November | 5.0% | -5.4 |
| December | 5.2% | -4.6 |
| Average | 6.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.