The annual inflation rate in Benin slowed to 3.8 percent in April 2023, the softest growth in consumer prices since January and from a 6.9 percent rise in the previous month. source: Institut National de la Statistique et de l’Analyse Economique, Benin

Inflation Rate in Benin averaged 2.15 percent from 2001 until 2023, reaching an all time high of 15.20 percent in August of 2008 and a record low of -3.80 percent in April of 2017. This page provides the latest reported value for - Benin Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Benin Inflation Rate - values, historical data and charts - was last updated on June of 2023.

Inflation Rate in Benin is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Benin Inflation Rate

Related Last Previous Unit Reference
Inflation Rate 3.80 6.90 percent Apr 2023
Food Inflation 4.10 10.80 percent Apr 2023
Inflation Rate MoM -2.80 0.60 percent Apr 2023
CPI Transportation 118.80 120.70 points Apr 2023
CPI Housing Utilities 108.50 108.70 points Apr 2023
Consumer Price Index CPI 109.30 112.50 points Apr 2023

Benin Inflation Rate
In Benin, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (38 percent of total weight); Restaurants and Hotels (12 percent); Transports (11 percent) and Housing and Utilities (11 percent). Others include: Education (6 percent); Clothing and Footwear (5 percent); Miscellaneous Goods and Services (5 percent) and Health (5 percent). Communication, Household Contents, Equipment and Maintenance, Recreation and Culture and Alcoholic Beverages and Tobacco account for the remaining 9 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 6.90 15.20 -3.80 2001 - 2023 percent Monthly
2014=100, NSA