Current inflation São Tomé e Príncipe 18.5%
February 2024
Current Inflation
Inflation is very high at 17.8%, far above the ECB target.
Historical Context
Current inflation is 2.8% higher than the 5-year average of 15.0%.
- 5-year average
- 15%
- 10-year average
- 10.7%
- All-time high (2023)
- 21.5%
- All-time low (2015)
- 5.3%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (-3.7 percentage point).
ECB Target
Inflation is 15.8% 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 €117.80 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 17.8%
- Last year
- 21.5%
- 5-year average
- 17.8%
- All-time high (2023)
- 21.5%