Benin - Inflation, consumer prices (annual %) 1993 - 2022
Benin's inflation, consumer prices (annual %) is currently 1.35%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Benin's inflation, consumer prices (annual %) for 2022 was 1.351%, a -22.08% increase from 2021, with a -1 difference.
- In 2021 it was 1.734%, a -42.65% increase from 2020, with a -2 difference.
- In 2020 it was 3.023%, a 528.74% increase from 2019.
- In 2019 it was -0.705%, a -209.34% increase from 2018.
- In 2018 it was 0.645%, a -63.56% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Benin is currently 3.9654% (average of years with recorded data) with a lowest recorded value of -0.7941% in 2016 and a highest value of 38.5309% in 1994.
Benin's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1993 | 0.441% | |
| 1994 | 38.531% | 8,645.11% |
| 1995 | 14.463% | -62.47% |
| 1996 | 4.914% | -66.02% |
| 1997 | 3.466% | -29.46% |
| 1998 | 5.753% | 65.98% |
| 1999 | 0.327% | -94.32% |
| 2000 | 4.165% | 1,174.90% |
| 2001 | 3.984% | -4.35% |
| 2002 | 2.489% | -37.53% |
| 2003 | 1.487% | -40.25% |
| 2004 | 0.874% | -41.24% |
| 2005 | 5.365% | 513.87% |
| 2006 | 3.782% | -29.50% |
| 2007 | 1.298% | -65.68% |
| 2008 | 7.947% | 512.24% |
| 2009 | 0.896% | -88.72% |
| 2010 | 2.208% | 146.39% |
| 2011 | 2.704% | 22.48% |
| 2012 | 6.745% | 149.41% |
| 2013 | 0.429% | -93.64% |
| 2014 | -0.549% | -227.95% |
| 2015 | 0.219% | 139.87% |
| 2016 | -0.794% | -462.93% |
| 2017 | 1.769% | 322.83% |
| 2018 | 0.645% | -63.56% |
| 2019 | -0.705% | -209.34% |
| 2020 | 3.023% | 528.74% |
| 2021 | 1.734% | -42.65% |
| 2022 | 1.351% | -22.08% |
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Comparison with Countries in the Sub-Saharan Africa Region.
Among countries in the same World Bank Sub-Saharan Africa (SSA) region, Benin comes in 44th with 1.351% inflation, consumer prices (annual %).
- Within the same region, Cote d'Ivoire comes in 34th with 5.276%, inflation, consumer prices (annual %).
- Equatorial Guinea comes in 35th with 4.787%.
- Tanzania comes in 36th with 4.35%.
- Gabon comes in 37th with 4.231%.
- Niger comes in 38th with 4.226%.
- Mali comes in 39th with 3.926%.
- Congo, Rep. comes in 40th with 3.043%.
- Congo, Dem. Rep. comes in 41st with 2.886%.
- Eswatini comes in 42nd with 2.598%.
- Cabo Verde comes in 43rd with 1.862%.
- Comoros comes in 45th with -4.295%.
- And South Sudan comes in 46th with -6.687%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Sub-Saharan Africa Region.
Top 10 Countries in the Sub-Saharan Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Sudan | 138.81% | 2022 |
| 2 | Zimbabwe | 104.70% | 2022 |
| 3 | Ghana | 31.26% | 2022 |
| 4 | Sierra Leone | 27.21% | 2022 |
| 5 | Ethiopia | 26.84% | 2021 |
| 6 | Angola | 25.75% | 2021 |
| 7 | Liberia | 23.56% | 2018 |
| 8 | Malawi | 20.95% | 2022 |
| 9 | Nigeria | 18.85% | 2022 |
| 10 | Burundi | 18.80% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Benin comes in 51st with 1.351% inflation, consumer prices (annual %).
- Within the same income group, Papua New Guinea comes in 41st with 4.484%, inflation, consumer prices (annual %).
- Tanzania comes in 42nd with 4.35%.
- Jordan comes in 43rd with 4.229%.
- Nepal comes in 44th with 4.088%.
- Vietnam comes in 45th with 3.157%.
- Congo, Rep. comes in 46th with 3.043%.
- Eswatini comes in 47th with 2.598%.
- Vanuatu comes in 48th with 2.343%.
- Cabo Verde comes in 49th with 1.862%.
- Bolivia comes in 50th with 1.746%.
- Timor-Leste comes in 52nd with 0.959%.
- Kiribati comes in 53rd with -1.813%.
- And Comoros comes in 54th with -4.295%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |