Inflation Suriname 2024
Average inflation: 16.8%
Current Inflation
Inflation is very high at 16.8%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 29.0%. The lowest inflation was in November at 9.6%.
- Highest month
- January: 29.0%
- Lowest month
- November: 9.6%
- Difference
- 19.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 55.2%. The lowest price increase was in Food with an average of 9.1%.
- Highest increase
- Energy: 55.2%
- Lowest increase
- Food: 9.1%
Historical Context
Current inflation is 26.5% lower than the 5-year average of 43.3%.
- 5-year average
- 43.3%
- 10-year average
- 31.4%
- All-time high (2021)
- 58.8%
- All-time low (2009)
- 0%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +36.0 percentage point.
- Change vs. previous year
- -36.0 percentage points
- Largest monthly swing
- May: -46.3 percentage points
ECB Target
Inflation is 14.8% 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 €116.80 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 | 29.0% | -26.6 |
| February | 25.4% | -32.5 |
| March | 26.8% | -32.7 |
| April | 20.9% | -44.5 |
| May | 18.6% | -46.3 |
| June | 16.2% | -38.4 |
| July | 13.0% | -43.6 |
| August | 11.1% | -42.4 |
| September | 10.5% | -40.3 |
| October | 10.1% | -32.8 |
| November | 9.6% | -29.1 |
| December | 10.1% | -22.5 |
| Average | 16.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.