Inflation Togo 2023
Average inflation: 5.5%
Current Inflation
Inflation is very high at 5.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.0%. The lowest inflation was in December at 3.5%.
- Highest month
- January: 9.0%
- Lowest month
- December: 3.5%
- Difference
- 5.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.3%. The lowest price increase was in Food with an average of 3.7%.
- Highest increase
- Energy: 8.3%
- Lowest increase
- Food: 3.7%
Historical Context
Current inflation is 1.5% higher than the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 2.4%
- All-time high (2008)
- 8.7%
- All-time low (2017)
- -1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.5 percentage point.
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- December: -6.4 percentage points
ECB Target
Inflation is 3.5% 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 €105.50 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 | 9.0% | +2.9 |
| February | 6.2% | -1.3 |
| March | 5.9% | -2.5 |
| April | 7.0% | -3.4 |
| May | 5.8% | -3.3 |
| June | 6.0% | -2.5 |
| July | 6.5% | -0.6 |
| August | 3.8% | -2.5 |
| September | 3.7% | -3.0 |
| October | 5.0% | -2.1 |
| November | 3.9% | -4.7 |
| December | 3.5% | -6.4 |
| Average | 5.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.