The annual inflation rate in Sao Tome and Principe fell to 6.8 percent in May of 2021 from 7.4 percent in the previous month. It was the lowest inflation rate since November of 2019, mainly due to a slowdown in prices of food & non-alcoholic beverages (7.9 percent vs 8.8 percent in April). On a monthly basis, consumer prices went up 0.3 percent, after a 0.2 percent increase in the previous month. source: Central Bank of Sao Tome and Principe
Inflation Rate in Sao Tome and Principe averaged 14.39 percent from 1997 until 2021, reaching an all time high of 86.80 percent in February of 1998 and a record low of 3.50 percent in May of 2017. This page provides - Sao Tome and Principe Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sao Tome and Principe Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Inflation Rate in Sao Tome and Principe is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sao Tome and Principe to stand at 7.00 in 12 months time. In the long-term, the Sao Tome and Principe Inflation Rate is projected to trend around 7.80 percent in 2022 and 6.00 percent in 2023, according to our econometric models.