Inflation Sierra Leone 2022
Average inflation: 26.9%
Current Inflation
Inflation is very high at 26.9%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 37.1%. The lowest inflation was in January at 16.7%.
- Highest month
- December: 37.1%
- Lowest month
- January: 16.7%
- Difference
- 20.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 30.1%. The lowest price increase was in Energy with an average of 20.8%.
- Highest increase
- Food: 30.1%
- Lowest increase
- Energy: 20.8%
Historical Context
Current inflation is 10.3% higher than the 5-year average of 16.6%. This approaches the highest level since records began (26.9% in 2022).
- 5-year average
- 16.6%
- 10-year average
- 12.9%
- All-time high (2022)
- 26.9%
- All-time low (2014)
- 4.6%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +15.1 percentage point.
- Change vs. previous year
- +15.1 percentage points
- Largest monthly swing
- December: +19.2 percentage points
ECB Target
Inflation is 24.9% 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 €126.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 16.7% | +5.2 |
| February | 17.6% | +6.7 |
| March | 22.1% | +13.1 |
| April | 22.4% | +12.8 |
| May | 24.9% | +15.1 |
| June | 27.9% | +17.7 |
| July | 29.5% | +19.0 |
| August | 28.1% | +17.2 |
| September | 29.1% | +17.5 |
| October | 33.0% | +18.5 |
| November | 35.0% | +19.2 |
| December | 37.1% | +19.2 |
| Average | 26.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.