Inflation Niger 2023
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 7.8%. The lowest inflation was in May at 0.3%.
- Highest month
- September: 7.8%
- Lowest month
- May: 0.3%
- Difference
- 7.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.4%. The lowest price increase was in Energy with an average of 5.4%.
- Highest increase
- Energy: 5.4%
- Lowest increase
- Energy: 5.4%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 1.8%
- All-time high (2022)
- 4.2%
- All-time low (2019)
- -2.5%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- May: -5.2 percentage points
ECB Target
Inflation is 1.7% 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 €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 2.1% | -3.2 |
| February | 1.1% | -3.7 |
| March | 1.3% | -4.0 |
| April | 1.0% | -4.3 |
| May | 0.3% | -5.2 |
| June | 1.7% | -3.0 |
| July | 3.1% | -0.7 |
| August | 4.8% | +1.4 |
| September | 7.8% | +4.6 |
| October | 7.3% | +4.3 |
| November | 6.8% | +3.3 |
| December | 7.2% | +4.1 |
| Average | 3.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.