Current inflation São Tomé e Príncipe 18.5%
February 2024
Current Inflation
Inflation is very high at 18.5%, far above the ECB target.
Historical Context
Inflation is 3.5 percentage points 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
Over the period 2022-2024, inflation has remained relatively stable. Compared to 2023, average inflation in 2024 through February has fallen by 3.7 percentage points.
ECB Target
Inflation is 16.5 percentage points 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 STN 100 this year will cost approximately STN 118.50 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through February
- 17.8%
- Last year
- 21.5%
- 5-year average
- 15.0%
- All-time high (2023)
- 21.5%