Inflation São Tomé and Príncipe 2023
Average inflation: 21.5%
Current Inflation
Inflation is very high at 21.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 25.6%. The lowest inflation was in November at 16.7%.
- Highest month
- January: 25.6%
- Lowest month
- November: 16.7%
- Difference
- 8.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 8.5% higher than the 5-year average of 13.0%. This approaches the highest level since records began (21.5% in 2023).
- 5-year average
- 13%
- 10-year average
- 9.6%
- All-time high (2023)
- 21.5%
- All-time low (2015)
- 5.3%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +3.6 percentage point.
- Change vs. previous year
- +3.6 percentage points
- Largest monthly swing
- January: +15.1 percentage points
ECB Target
Inflation is 19.5% 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 €121.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 25.6% | +15.1 |
| February | 23.6% | +11.5 |
| March | 22.9% | +10.2 |
| April | 21.8% | +7.5 |
| May | 23.3% | +8.4 |
| June | 25.5% | +8.8 |
| July | 24.3% | +5.8 |
| August | 21.3% | +1.9 |
| September | 18.4% | -3.5 |
| October | 17.1% | -6.4 |
| November | 16.7% | -7.9 |
| December | 17.2% | -8.0 |
| Average | 21.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.