Current inflation Togo 3.2%
September 2024
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 3.3%
- Last year
- 5.5%
- 5-year average
- 3.3%
- All-time high (2008)
- 8.7%