Development of inflation rates in Sierra Leone
The inflation rate in Sierra Leone moved over the past years between -35.8% and 178.7%. For 2016, an inflation rate of 10.9% was calculated.
During the observation period from 1980 to 2016, the average inflation rate was 32.6%
per year. Overall, the price increase was 665,210.99 %. An item that cost 100 Leone in 1979 was 2016 so charged 665,310.99 Leone.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Sierra Leone