Inflation Senegal 2023
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 10.6%. The lowest inflation was in December at 0.8%.
- Highest month
- January: 10.6%
- Lowest month
- December: 0.8%
- Difference
- 9.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.9%. The lowest price increase was in Energy with an average of 3.9%.
- Highest increase
- Energy: 3.9%
- Lowest increase
- Energy: 3.9%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 2.4%
- All-time high (2022)
- 9.6%
- All-time low (2009)
- -2.2%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -3.5 percentage point.
- Change vs. previous year
- -3.5 percentage points
- Largest monthly swing
- November: -13.2 percentage points
ECB Target
Inflation is 4.1% 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 €106.10 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 | 10.6% | +5.1 |
| February | 9.4% | +2.9 |
| March | 9.5% | +3.3 |
| April | 9.0% | +2.0 |
| May | 8.3% | +0.9 |
| June | 7.5% | -1.4 |
| July | 5.7% | -5.2 |
| August | 5.3% | -6.0 |
| September | 3.8% | -8.1 |
| October | 2.4% | -10.6 |
| November | 0.9% | -13.2 |
| December | 0.8% | -12.0 |
| Average | 6.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.