Current inflation Togo 3.2%
September 2024
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Historical Context
Inflation is 1.3 percentage points 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
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, average inflation in 2024 through September has fallen by 2.2 percentage points.
ECB Target
Inflation is 1.2 percentage points 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 F CFA 100 this year will cost approximately F CFA 103 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through September
- 3.3%
- Last year
- 5.5%
- 5-year average
- 4.5%
- All-time high (2008)
- 8.7%