Inflation Seychelles 2024
Average inflation: 0.3%
Current Inflation
Inflation is very low at 0.3%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.7%. The lowest inflation was in January at -2.0%.
- Highest month
- December: 1.7%
- Lowest month
- January: -2.0%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.2%. The lowest price increase was in Food with an average of -0.5%.
- Highest increase
- Energy: 5.2%
- Lowest increase
- Food: -0.5%
Historical Context
Current inflation is 2.3% lower than the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 2.4%
- All-time high (2008)
- 36.4%
- All-time low (2010)
- -2.4%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- January: -4.4 percentage points
ECB Target
Inflation is 1.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | -2.0% | -4.4 |
| February | -0.3% | -1.4 |
| March | -0.2% | -1.1 |
| April | -0.1% | -0.7 |
| May | 0.6% | +1.6 |
| June | 0.4% | +1.7 |
| July | 0.6% | +2.6 |
| August | 0.5% | +2.9 |
| September | 0.6% | +3.1 |
| October | 0.5% | +3.2 |
| November | 1.3% | +3.9 |
| December | 1.7% | +4.4 |
| Average | 0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.