Sub-Saharan Africa inflation rate for 2023 was 7.05%, a 2.41% decline from 2022.
Sub-Saharan Africa inflation rate for 2022 was 9.46%, a 5.02% increase from 2021.
Sub-Saharan Africa inflation rate for 2021 was 4.44%, a 1.04% increase from 2020.
Sub-Saharan Africa inflation rate for 2020 was 3.40%, a 0.6% increase 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.