Inflation Sierra Leone 2024
Average inflation: 30.0%
Current Inflation
Inflation is very high at 30.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 48.0%. The lowest inflation was in December at 13.8%.
- Highest month
- January: 48.0%
- Lowest month
- December: 13.8%
- Difference
- 34.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 32.6%. The lowest price increase was in Food with an average of 28.9%.
- Highest increase
- Energy: 32.6%
- Lowest increase
- Food: 28.9%
Historical Context
Current inflation is 4.1% higher than the 5-year average of 25.9%.
- 5-year average
- 25.9%
- 10-year average
- 19.6%
- All-time high (2023)
- 47.2%
- All-time low (2014)
- 4.6%
Trend
Inflation shows an upward trend. Compared to 2023, inflation has risen by -17.2 percentage point.
- Change vs. previous year
- -17.2 percentage points
- Largest monthly swing
- November: -38.8 percentage points
ECB Target
Inflation is 28.0% 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 €130.00 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 | 48.0% | +9.5 |
| February | 42.8% | +0.1 |
| March | 40.9% | -0.6 |
| April | 38.1% | -4.9 |
| May | 35.8% | -8.6 |
| June | 31.9% | -12.9 |
| July | 29.4% | -15.6 |
| August | 25.5% | -25.4 |
| September | 21.0% | -33.5 |
| October | 17.4% | -37.2 |
| November | 15.4% | -38.8 |
| December | 13.8% | -38.4 |
| Average | 30.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.