Gambia inflation rate for 2023 was 16.97%, a 5.46% increase from 2022.
Gambia inflation rate for 2022 was 11.51%, a 4.14% increase from 2021.
Gambia inflation rate for 2021 was 7.37%, a 1.44% increase from 2020.
Gambia inflation rate for 2020 was 5.93%, a 1.18% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.