Inflation Seychelles 2023
Average inflation: -1.0%
Current Inflation
There is deflation with consumer prices declining by 1.0%.
Peak and Trough
The highest inflation was in January at 2.4%. The lowest inflation was in October at -2.7%.
- Highest month
- January: 2.4%
- Lowest month
- October: -2.7%
- Difference
- 5.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of -0.9%. The lowest price increase was in Energy with an average of -1.9%.
- Highest increase
- Food: -0.9%
- Lowest increase
- Energy: -1.9%
Historical Context
Current inflation is 3.9% lower than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 2.5%
- All-time high (2008)
- 36.4%
- All-time low (2010)
- -2.4%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +3.6 percentage point.
- Change vs. previous year
- -3.6 percentage points
- Largest monthly swing
- October: -5.6 percentage points
ECB Target
Inflation is 3.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.00 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 | 2.4% | -1.5 |
| February | 1.1% | -1.9 |
| March | 0.9% | -1.3 |
| April | 0.6% | -1.6 |
| May | -1.0% | -3.1 |
| June | -1.3% | -3.4 |
| July | -2.0% | -4.3 |
| August | -2.4% | -5.2 |
| September | -2.5% | -5.5 |
| October | -2.7% | -5.6 |
| November | -2.6% | -5.2 |
| December | -2.7% | -5.2 |
| Average | -1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.