Inflation Sierra Leone 2023
Average inflation: 47.2%
Current Inflation
Inflation is very high at 47.2%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 54.6%. The lowest inflation was in January at 38.5%.
- Highest month
- October: 54.6%
- Lowest month
- January: 38.5%
- Difference
- 16.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 56.5%. The lowest price increase was in Energy with an average of 31.0%.
- Highest increase
- Food: 56.5%
- Lowest increase
- Energy: 31.0%
Historical Context
Current inflation is 24.4% higher than the 5-year average of 22.8%. This approaches the highest level since records began (47.2% in 2023).
- 5-year average
- 22.8%
- 10-year average
- 17.1%
- All-time high (2023)
- 47.2%
- All-time low (2014)
- 4.6%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +20.3 percentage point.
- Change vs. previous year
- +20.3 percentage points
- Largest monthly swing
- September: +25.4 percentage points
ECB Target
Inflation is 45.2% 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 €147.20 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 | 38.5% | +21.8 |
| February | 42.7% | +25.1 |
| March | 41.5% | +19.4 |
| April | 43.0% | +20.6 |
| May | 44.4% | +19.5 |
| June | 44.8% | +16.9 |
| July | 45.0% | +15.5 |
| August | 50.9% | +22.8 |
| September | 54.5% | +25.4 |
| October | 54.6% | +21.6 |
| November | 54.2% | +19.2 |
| December | 52.2% | +15.1 |
| Average | 47.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.