Inflation Togo 2024
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in June at 4.2%. The lowest inflation was in January at 1.9%.
- Highest month
- June: 4.2%
- Lowest month
- January: 1.9%
- Difference
- 2.3 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Food with an average of 5.9%. The lowest price increase was in Energy with an average of 1.2%.
- Highest increase
- Food: 5.9%
- Lowest increase
- Energy: 1.2%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 4.5%.
- 5-year average
- 4.5%
- 10-year average
- 2.7%
- All-time high (2008)
- 8.7%
- All-time low (2017)
- -1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.2 percentage point.
- Change vs. previous year
- -2.2 percentage points
- Largest monthly swing
- January: -7.1 percentage points
ECB Target
Inflation is 1.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.30 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 | 1.9% | -7.1 |
| February | 3.5% | -2.7 |
| March | 2.7% | -3.2 |
| April | 2.6% | -4.4 |
| May | 3.9% | -1.9 |
| June | 4.2% | -1.8 |
| July | 4.0% | -2.5 |
| August | 4.1% | +0.3 |
| September | 3.2% | -0.5 |
| Average | 3.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.